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Chapter 390 Negotiation

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    After half an hour,

    "What is the specific situation now, and where are the difficulties?"

    Wang Yaocheng came out refreshed, chewing the sweet strawberry in his mouth, a trace of juice flowed from the corner of his mouth, he wiped it smoothly.

    The personal butler, Miss Tess, quickly stepped forward from behind, and took out a clean white towel from nowhere to wipe his hands.

    "Oh, well, thank you Miss Tess, uh let's talk about things for a while!"

    "Understood, shall we come back in an hour?"

    "ok."

    Wang Yaocheng called everyone to sit down in the garden, ready to hear what the problem was and why it took so long to decide?

    "In terms of the M&A price, it has generally been determined to pay 1.15 billion to 1.2 billion US dollars, and to undertake the work arrangement of 4.6 billion US dollars in bank liabilities and the subsequent smooth handover of 12,100 employees."

    President Huo Jiaguang said: "For the sake of stabilizing the traditional brand image of Holland, taking into account KLM's traditional market and customer base, the merged company will continue to retain KLM Royal Dutch Airlines, and adopt the method of independent operation of two brands of one company, but  In terms of ticketing, air routes, aircraft procurement, post-maintenance and high-level personnel management, Cathay Pacific¡¯s world-leading management experience will be introduced, and unified arrangements will be made by the parent company as appropriate.¡±

    "Yes, isn't this condition very good?" Wang Yaocheng frowned and asked.

    "But some of these Nordic guys regard us as a winner, and they come up with a condition halfway through, hoping to convert the bank liabilities into the equity of the merged company, which is the kind of preferred stock instead of common stock."

    "What a melon skin, the lion opened his mouth!"

    Wang Yaocheng's face darkened all of a sudden, it was no different from robbery.

    Generally speaking, in corporate mergers and acquisitions, the most important thing for banks is to ensure the safety of loan funds and not to intervene too much in mergers and acquisitions.

    There is one exception.

    That is similar to that Hynix Semiconductor is on the verge of bankruptcy and reorganization, or Hong Kong Yingke Telecom has completely entered a state of bankruptcy and liquidation, and the creditors will take over the company in a syndicated manner and conduct restructuring negotiations with those who intend to take over.

    At the beginning, it was the same situation when Wang An's computer was taken down.

    However, the current KLM Royal Dutch Airlines does not belong to this situation at all. It is an airline with normal operations, and there is absolutely no reason for creditor banks to step in and interfere with the normal mergers and acquisitions of the company.

    At most, it is to evaluate the risk of mergers and acquisitions from the perspective of banks to prevent the occurrence of harm to the interests of banks in corporate mergers and acquisitions.

    "Which bank is it?"

    "The chairman is a syndicate dominated by UBS, as well as Deutsche Bank, etc., but the proportion of loans is relatively small."

    "Hey, everyone knows Sima Zhao's heart!"

    Wang Yaocheng sneered; "This is trying to mess up the deal. It seems that he is afraid of HSBC's expansion into Europe, and at the same time, he doesn't want to see Cathay Pacific going global. This kind of dark psychology is really shameless!  "

    "Yes."

    President Huo Jiaguang said with deep emotion; "We can't blame the Americans for calling it Old Europe, especially in these areas where Germanic influence radiates. The folk customs are very conservative, and they can't keep up with the development of the Internet high-tech era.

    We are not the only ones who have consistently resisted external forces, and Laomei has also suffered from it.

    Last time, United Airlines tried to expand in Europe, but it also ended in vain under the resistance of Germany and Austria. We are now facing the same dilemma.

    Fortunately, in terms of the board of directors of KLM Royal Dutch Airlines, most people are willing to cooperate.

    After all, our bid is very sincere, and it is difficult for them to find a better partner. From a business point of view, Cathay Pacific should be a good partner.

    In the board of directors, the second largest shareholder, Earl Van Basten, who strongly supports UBS's proposition, is a traditional local nobleman in the Dutch royal family and has a great influence in the upper class.

    This person has a strong white right-wing extreme tendency, is quite unfriendly to Asians, and has strong resistance. This is a very difficult thorn.  "

    Wang Yaocheng said strangely; "Please! We are not engaging in universal suffrage, nor are we seeking absolute control. Can Earl Van Basten stop all of this?"

    "Count Van Basten holds 14.3% of the shares, but he can unite some small and medium shareholders to oppose us and cause trouble in these mergers and acquisitions. It is not easy to get around it."

    "Is there nothing you can do?"

    Facing the boss's questioning, the Huo familyThe president glanced at Zhang Shuguang, smiled slightly and said, "Of course not. Since small and medium shareholders can be wooed, so can we. It's nothing more than talking with money. After all, businessmen are only looking for profit."

    "Then let's do it. I don't care about spending more money. This time, we must resolutely win KLM Royal Dutch Airlines. If UBS continues to make unreasonable troubles, HSBC can take over the creditor's rights."

    Wang Yaocheng's domineering final word ended the conversation.

    For the expansion of its consortium, these three to five years are the best time. If you enter the European market earlier, you will win an extra initiative.

    Although Dutch KLM Royal Airlines is located in a remote place in Northern Europe, thanks to the EU's large market principle, it can set up ticket sales centers in EU countries, set up routes, and operate trans-Atlantic, Southeast Asia and Far East transcontinental routes.

    As long as they can provide enough excellent service, attractive enough air tickets, and the sincere preferential prices of partner hotels, they will be able to attract European tourists to choose KLM and Cathay Pacific.

    What's more valuable is

    KLM Royal Dutch Airlines, as the only large-scale civil airline in the country, owns an absolute controlling stake in Amsterdam Airport, and the price is almost half buy and half free.

    No other international airline will set up its headquarters in Amsterdam, which is almost the end of the world.

    ?Norway and Sweden, the neighboring Nordic countries, have small airline companies, and most of their international routes are transited by the Netherlands. Therefore, Amsterdam International Airport has become a hub port in Scandinavia.

    Counting Europe

    The airlines of Britain, France, and Germany are the strong ones, not to mention Air France and Lufthansa. These are countries full of national pride. Foreign airlines will never be allowed to get involved. It is really impossible.

    British Airways is a privatized airline with London Heathrow International Airport and Manchester Airport as its hub airports, and its strength is almost the same as that of Cathay Pacific.

    After Cathay Pacific acquires the Dutch airline KLM, it will leap to the top of the international rankings and become its strong competitor.

    There is also a privately operated Virgin Atlantic in the UK, which is second only to British Airways in scale.

    The boss is Richard Branson, who is out of character. His Virgin Group holds 51% of Virgin Atlantic, and Delta Air Lines holds the remaining 49%.

    Wang Yaocheng has known Richard Branson for many years. Richard Branson was also a minority shareholder of HSBC Bank. The two had discussed the issue of cooperation.

    The final result is that each does his own thing.

    Richard Branson is crazy and adventurous by nature, and loves extreme sports. He has been actively planning to travel around the universe outside the earth.

    Roscosmos launched a trip to outer space for a price of 20 million U.S. dollars. This guy was the first to sign up and paid all the expenses.

    Such an adventurer with a detached personality is born not to be willing to be subordinated to others, let alone accept other people's arrangements, and is born to be the boss.

    The same is true for Wang Yaocheng. If this person gets a cooperation together, it will be like sparks hitting the earth, and what will come out is not only passion, but also outright disaster.

    Although Europe is large and there are many airlines, large and small, Cathay Pacific Airways is the only one that is eye-catching and suitable for mergers and acquisitions, the Royal Dutch Airlines KLM.

    For this, Wang Yaocheng is willing to pay an excess price.  (Remember the site URL: www.hlnovel.com
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