Chapter 284: Big Cards in Hand
On December 31, French time, at nearly seven in the evening, in the main study of the first family's large estate outside Paris.
The old man said: "Then, what is the relationship between Mr. Bartley and Miss Ferdinand now?"
After browsing through the documents, Ron said: "They are in constant contact and often quarrel, but most of what Mr. Bartley's group needs is provided by Miss Ferdinand's group. The relationship between the two of them may not be as it seems to outsiders." that bad."
"Most?" the old man asked, "Judging from more than half of the information, she has something to do with the Good Mood Foundation, right?"
"It should be. Maybe Miss Ferdinand is very capable, but I don't think she can set up such a large-scale property in ten years." Ron said, "If you count it in terms of money, compared to Mr. Bartley , the relationship between Miss Ferdinand and the Good Mood Foundation is much closer."
Looking at the time, the old man said with a smile: "Let's just talk about it briefly, let me see what cards this Miss Anne Ferdinand has in her hand."
"The biggest brand is Degu Petroleum Company." Ron laughed.
"I remember that it sabotaged the merger of Gedi Petroleum Company by Pengze Petroleum Company in 1984 and acquired Gedi Company at a high price. Then it was sued by Pengze Company and was finally fined 10 billion US dollars. After several efforts , the court still upheld the original verdict, so it went bankrupt in 1987. Its shareholders sold all of its property to Cardex Petroleum Company." The old man asked, "Why is it still there?"
"Degu's total assets are less than one billion U.S. dollars, but it still exists." Ron laughed, and then read, "Miss Ferdinand uses 10 billion U.S. dollars in cash and 25 billion U.S. dollars in debt, It took over Degu Petroleum Company, which had total assets of 34.5 billion U.S. dollars at that time. The guarantor was the top ten banks in the United States at the time, and the money had been repaid in early 1993. After Miss Ferdinand took over, Degu Petroleum Company was wiped out. Most of the business has been handed over to Caldes Petroleum Company, and Degu’s current business center is to buy land for exploration and then sell it to Caldes.”
"So that's the case. I was very surprised at the time. The Caldesh Company was jointly funded by the Degu Company and the Xuefeilong Company. How could the Jiadeshi Company buy the Degu Company? I thought that the Degu Company was behind it. The Jiadeshi company has always been counted under the name of the Xuefeilong company, and now it seems that our information is completely wrong." The old man said, "The Degu company is unilaterally investing in additional investment, or injecting it all at once. More than 30 billion U.S. dollars. With total assets of less than 60 billion U.S. dollars at that time, it was impossible for Chevyon to add so much capital at once. Cardex has not been listed and does not know the specific financial situation, but Before and after the incident of accepting the industry, I had people estimate that the original total assets of Caldesh Company were less than 20 billion U.S. dollars, and the later total assets were more than 50 billion U.S. dollars. That is to say, Degu Company held With about 85% of the shares of Caldesh. This year, experts estimate that the total assets of Caldestone have exceeded 100 billion, which is indeed a big name."
"Not only that," Ron said, looking at the documents, "Miss Ferdinand has been using the money earned by Caldes to buy the shares of Chefron at bargain prices in the market, and now she owns about 100% of the stock. Fifteen shares. I think it is only a matter of time before Degu merges with Chefron."
"It turns out that the scale of the Degu Company is small, and the burden is also small. The business is handed over to the Cardex Company, and the Cardex Company is asked to compete with the Xue Feilong Company. She uses the money earned by the Cardex Company to Buying the shares of Chefron Corporation. Miss Ferdinand really dared to bet that the 70% profit would not be as high as that of Chefron Corporation.
But yes, Xue Feilong Company still has to distribute profits to shareholders, including Miss Ferdinand, and with the support of Good Mood Consortium, Miss Ferdinand is already invincible. The old man laughed, "After their merger, the ranking of the world's top ten oil companies will not be able to escape. This card is indeed big enough." "
Ron looked at the document and said: "The second largest card has three cards in total. The first card is the British Will Steel Company. It was originally a state-owned steel company. Miss Ferdinand totally bought it."
"I originally thought that the top five steel companies in the British steel industry could take the first place." The old man smiled, "I didn't expect to be ranked second."
"The second card is Seath Department Store. In 1986, its operation had problems. In 1992, it sold the headquarters building in Chicago, the West Tower Building." Ron looked at the documents and said, "Miss Ferdinand not only Bought the Sista Building, and currently owns 70% of the shares of Sith Department Store.”
"I remember the previous information saying that before 1991, Ms. Ferdinand only held about 15% of the shares of Seath Department Store. The headquarters building was sold to Ms. Ferdinand, and the money was used to buy back 10% of the stock in the market, increasing my shareholding to about 25%. This state lasted until July of this year," the old man asked said, "What's going on now?"
"Didn't it be said in previous materials that in 1991, Sith Department Store's performance declined, and some shareholders wanted to split Sith Corporation and sell Sith Corporation's financial services, but at the 1992 annual meeting In the end, this proposal was not approved, because Miss Ferdinand was on the side of the Sith family, and the Sith family exchanged the headquarters building." Ron looked at the information and said, "At this year's annual meeting, they again Speaking of this matter, Miss Ferdinand bought 11% of the shares from some small shareholders at a price of 40 US dollars per share, 35 US dollars higher than the market price, which increased the shares of her and the Sith family. It reached more than half, and then borrowed 30 billion U.S. dollars from various banks in the form of debt, while people bought it in the market, and at the same time bought it at the annual meeting venue, so as to continuously increase the price. The method of continuously reducing the price, with a minimum of thirty-seven dollars a share. In the end, Miss Ferdinand has 70% of the shares of Seath Department Store.”
"I see." The old man asked, "But what did she like in Sith's Department Store?"...