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Chapter 622 Praying mantis catches cicada, but the oriole is behind.

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    The internal financial materials on the desk are impressively listed the analysis report of BHP Billiton, the world's second largest miner, acquiring Rio Tinto, the world's third largest mining giant;

    In view of the repeated dismantling of the British Red River Resources Company, the "long-term agreement" price of iron ore in 2008 finally rose by 17.5%, which was much smaller than the original historical empty rise of 42%.

    Correspondingly, the three major mines lost nearly 20 billion U.S. dollars in profits.

    At the end of 2007, Australia's BHP Billiton proposed a plan to acquire Rio Tinto for US$145 billion.

    It is proposed to exchange 1 Rio Tinto share for every 3 BHP Billiton shares.

    In terms of stock market value, the above-mentioned overall acquisition price is about 145 billion U.S. dollars.

    Regarding this quotation, Rio Tinto stated that after "careful consideration", the conclusion of the company's board of directors is:

    This bid greatly underestimated the value and prospects of Rio Tinto, so it was rejected.

    The international financial community generally believes that although BHP Billiton's acquisition proposal has been rejected, this is only the beginning, and there may be a protracted battle in the future, and the possibility of launching a hostile acquisition if necessary cannot be ruled out.

    If this cross-century merger and acquisition is successfully concluded, BHP Billiton will have stronger bargaining power and resource concentration in the field of bulk resources in the world.

    If the two companies merge, it will create one of the world's largest iron ore, copper and aluminum producers, which will account for more than one-third of the global iron ore market.

    In addition, this new energy giant will also occupy an important position in the natural gas, coal, zinc, and diamond industries, and has mines and oil fields on six continents of the world.

    ? On the same day that Rio Tinto rejected BHP Billiton's acquisition, Rio Tinto Canada Holdings increased its stake in Alcan, with a total shareholding of 95.82%, close to 100% absolute control.

    ? According to the analysis of the Hong Kong Guanfengyun Economic Research Center;

    This move shows Rio Tinto's strong willingness to resist and increase its stake in Rio Tinto's Alcan company. This is a completely defensive posture, and the merger is bound to be full of twists and turns.

    Because this ultra-large-scale merger involves market monopoly, it needs to be approved by the anti-monopoly authorities of China, the United States, Japan, South Korea, and Europe, and the green light will be released.

    Facing the aggressive attack from BHP Billiton, Rio Tinto teamed up with Chinalco. At the beginning of 2008, Chinalco spent US$14 billion to acquire a 9% stake in Rio Tinto, injecting valuable cash flow into the heavily indebted Rio Tinto company.

    ?The world's financial situation was turbulent, and Wang Yaocheng sat on the Victoria Peak in Hong Kong and watched coldly, watching these heavyweight players come on stage after you sing, and continue to perform weird and bizarre plots.

    Wang Yaocheng knows;

    All of this is illusory. Whether it is Australia's BHP Billiton or Chinalco, the final idea is impossible to succeed. The board of directors of Rio Tinto will have the last laugh.

    They used Chinalco to resist BHP Billiton. After the financial crisis, the company's finances improved, and Rio Tinto's board of directors immediately dumped Chinalco as a partner, making it empty.

    Chinalco's biggest mistake;

    Just when the financial turmoil was at its most violent, it failed to win Rio Tinto in one fell swoop and missed a good opportunity.

    ?M&A in the international market cannot tolerate any tenderness, nor can it tolerate the modest and gentlemanly style of not taking advantage of others.

    When it comes to playing market tricks, Rio Tinto is a veteran.

    Well nowthat's two words.

    As the saying goes: the praying mantis catches the cicada, and the oriole follows.

    The Wang's consortium is now a civet cat hiding in the dark, waiting for the oriole to show up gorgeously to obtain the maximum benefit.

    The consortium's cash pool has accumulated so much cash, so there is no need to do large-scale corporate mergers and acquisitions, isn't it useless?

    Since Wang Yaocheng is determined to enter the field of bulk resources in the world, he will not be willing to be a small role. He can only beat the side drums by the side. He wants to be the person in the center of the world stage.

    ? As soon as one word is spoken, orders are made.

    According to the current profit level of Rio Tinto, the annual rate of return can reach a high level of 22.5%, which is of course unsustainable because the three major mines have tacitly pushed up prices.

    According to the normal year, the annual rate of return of Rio Tinto has been between 6.7% and 9% for a long time. This investment rate of return is already very good for ultra-large-scale funds.

    As for the prey of Rio Tinto, Wang's consortium will decisively take it down when the time is right.

    ? At that time, Red River Resources will own the world'sWith insurance business channels all over the world, it is the largest underwriter of industrial and commercial insurance in the world and has always been a top insured. It holds dozens of property insurance companies and life insurance companies under its control, and owns the world's largest aircraft leasing company  , the annual net income exceeds 40 billion US dollars.

    It owns 5 million square meters of properties all over the world, 100% equity in Dubai Port, controlling stake in London Airport, and 90% equity in Belgian Telecom.  A series of high-quality assets such as 22.5% equity of Fuji Fire and Marine Insurance, 10% equity of Huaxia Property & Casualty Insurance, etc.

    For such a world-class insurance company, getting into the subprime mortgage crisis is not a crime of death, and its quality is excellent, which coincides with Rio Tinto and the Swiss ABB Group.

    As long as the biggest survival crisis is overcome, relying on the company's own foundation and error correction ability, it will soon be able to climb out of the mud and once again glow with vitality.

    As the most powerful bank in the world, HSBC's insurance business and investment banking business are both short boards, and this is precisely the field that American International Group is best at, and it has achieved the top in the world.

    ?The two complement each other, and will surely produce a synergistic benefit of one plus one greater than two, giving strong support to consortium companies.

    Now, just wait for the opportunity.

    Precisely because he has many grand acquisition plans, Wang Yaocheng has very little interest in Samsung now, and he is not willing to waste precious cash flow. In his mind, Samsung is not a high priority.

    After more than ten years of key strikes and sieges against this company, it is no longer the high-spirited handsome guy in history, but just a middle-aged greasy man with no ambitions, and his attractiveness is much less attractive.  (Remember the site URL: www.hlnovel.com
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