Chapter 176 Encirclement and Suppression of Western Petroleum Company
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When the Soviet government announced its intention to sell the Samotloor oil field with the largest production and the richest reserves in the Soviet Union, oil giants all over the world were itchy by the news. But when they saw the harsh bidding conditions of the Soviet government, they couldn't help feeling annoyed. The most basic one of the conditions is that companies participating in this bidding must have trade with the Soviet Union of more than 500 million US dollars in the past two years, which is not up to the standard for most companies.
However, there is still an American company participating in this bidding activity, and that is the Western Petroleum Company led by the old friend of the Soviet Union, Yamon Hammer. And they are also the biggest competitors of Seryozha's Glencore. Amon Hammer is now very old, so it is naturally impossible to come all the way to Moscow, but Occidental Petroleum still sent its vice president to personally participate in this bidding activity. For an industrial complex like Occidental Petroleum Corporation, it is still a bit difficult to come up with 7 billion U.S. dollars in a hurry, because the investment target this time is located in the mysterious Soviet Union. Many American financial institutions are afraid of the political risks of the Soviet Union, so Occidental Petroleum Corporation The company's fundraising process was very difficult, but Occidental Petroleum managed to raise the funds before the application deadline.
Sergey and Comrade Hamer still have a little friendship. This wise old man has many similarities with Sergey. When Hamer first came to the Soviet Union, he originally planned to be a doctor here, but later he found out that In fact, the Soviet Union lacked more food, so Hammer tried to import grain from the United States to the Soviet Union, and then export timber from the Soviet Union to the United States. This back and forth business not only helped the Soviet Union solve certain problems, but also made Hammer send Big fortune. Because of Hammer's great contribution to the Soviet Union, he became Lenin's guest of honor, and also monopolized the Soviet Union's export business of asbestos and pencils.
As Hamer’s business in the Soviet Union grew, he became the actual US trade representative in the Soviet Union. At the peak moment, the specialized import and export agency established by Hamer also became the representative of 38 first-class American companies in the Soviet Union. . Hamer, who is over 80 years old, still has a sensitive business sense, and he has successfully entered the Chinese market a few years ago. For such an opponent, how could Seryozha not be afraid!
In order to prevent Occidental Petroleum and Glencore from vying for the Samotlore oil field, Seryozha had no choice but to resort to external tactics. Since the Western Petroleum Company had to hand over a seven billion dollar mortgage to the Soviet government, the company's liquidity had almost been drained. Now is the time when Occidental Petroleum's capital chain is tight, and it is also a good opportunity to acquire Occidental Petroleum Company. How can Seryosha not have a good meeting with Comrade Hamer?
At the same time that the vice president of Occidental Petroleum Corporation transferred seven billion U.S. dollars into the account of the VTB Bank of the Soviet Union, only 24 hours later, KKR, the king of leverage, joined hands with Columbia Bank, a new aristocrat in the US financial market, to Occidental Petroleum Corporation. quietly launched an attack. However, this suddenness did not make Hammer feel that there was any problem, because Occidental Petroleum Company obviously had an unparalleled advantage in the bidding for the Samotloor oil field, so the rise in stock prices did not make Hammer feel dangerous. , he rightly believes that this is the choice made by investors who are optimistic about the future prospects of Occidental Petroleum Corporation.
With the rising share price of Occidental Petroleum Corporation,
Under the acquisition of KKR and Columbia Bank regardless of cost, a large number of tradable shares of Occidental Petroleum fell into the hands of Sergey Sha. Now the US market has not yet recovered from last year's stock market crash. Big blue chips like Occidental Petroleum The value is not high, and considering Occidental Petroleum's good operating conditions and stable cash income, this acquisition is definitely worth the money.
It was also because of Amon Hamer's negligence that this acquisition made Seryozha feel extremely smooth. After the initial acquisition, Seryozha looked at the business operations and organizational structure of Occidental Petroleum Corporation and felt that this company was simply It was specially set up for the Gorky Brotherhood, because this company has too much complementarity with the existing business of the Gorky Brotherhood.
Occidental Petroleum Corporation is one of the top 20 large-scale industrial companies in the United States, and its business is widely distributed in many fields such as oil, natural gas, coal, chemical products, and agriculture. These are all areas of business that Seryozha is interested in. For example, the pesticide industry of Occidental Petroleum Corporation can strengthen the competitiveness of Monsanto’s chemical department in the global market. Occidental Petroleum Corporation has oil fields with rich reserves in Texas, California, Peru, Venezuela, Libya, and the North Sea of the United Kingdom. Their exploration department can solve the water cut problem of Samotloor oil field very well. In addition, Occidental Petroleum also owns the natural gas pipeline business in the eastern part of the United States, and Occidental Petroleum is also a large-scale beef cattle breeding company, which can better consume Glencore's grain. With such a good company, there is no reason for Seryozha not to keep him in his pocket.
Occidental Petroleum's total assets do not exceed 20 billion U.S. dollars. If it is to hold the company, it will basically cost less than 10 billion U.S. dollars. This amount of money is nothing to Seryosha, but the difficulty of the acquisition is that Xie Liaosha Liao Sha must let his friends diversify their holdings. For example, if Bank of Columbia is too in step with KKR, it will be regarded as a person acting in concert with KKR. The overall shareholding ratio of Bank of Columbia and KKR cannot exceed that of the West. Thirteen percent of the total share capital of the oil company, and if the wily Hammer sees through Columbia Bank's intentions, he can only fight Hammer to the death.
In order to distract the attention of the regulatory authorities as much as possible, but also to confuse old Hammer. The three women of Seryozha also participated in the siege of Western Petroleum Company. Eva started to buy the outstanding shares of Occidental Petroleum Corporation through the investment fund under her name, and Karim controlled Monsanto to do the same thing. Even Tonya, who was far away in Europe, entrusted the Columbia Bank to search for the Occidental Petroleum Corporation. Oil company stocks.
On the surface, none of the investors held more than 10% of the stock. Hammer felt that it must be the large oil field in the Soviet Union that made these investors see the new value of Western Petroleum Corporation. According to the business rules of the United States, these new investors can already send their representative directors to the board of directors of Occidental Petroleum Corporation. Hammer would never have thought that these seemingly unrelated investors from all over the world were actually a family.