Reborn Entrepreneurial Giant.

Chapter 206 Porsche acquires Volkswagen

Although Qu Li wanted to go to Australia to see kangaroos, he did not go. Instead, he entrusted Wu Hongning to help him pay attention to the Australian lithium mines during negotiations with FMG to see if Talison Lithium Company wanted to invest.

The scale of the Vision Fund is still too small and there are too many things. The acquisition of Xiangcai Securities and the privatization of Spreadtrum Communications are still in progress. Domestic companies such as CATL, Huayou Cobalt, Ganfeng Lithium, and Sungrow are still in contact. , only preliminary contact was made.

Sometimes there are only so many opportunities. If you miss it, it will be difficult to have such a good opportunity now.For example, he was about to exchange euros for dollars, but someone from Yuanjing reminded him that there was an Infineon semiconductor company waiting for him in Europe.

That's wrong. Infineon, which is on the verge of bankruptcy, is seeking investment, and German government bond yields are still falling. Another German guy noticed an opportunity:

Porsche acquired 42.6% of Volkswagen's shares, but if it wants to take control, it must reach a 75% shareholding ratio, which is simply impossible. Now is a good opportunity to short.

Hearing the news, Qu Li suddenly woke up. Anyone who likes finance and cars may pay attention to this matter. Later, many finance UP owners made wonderful explanations of this story.Qu Li didn't remember that much, but he knew that the company's stock price rose from 199 euros to 5 euros in 1005 days, causing Germany's once fifth richest man to commit suicide on the train.

In fact, no matter from which angle you look at it, it is reasonable to short Volkswagen shares. The government of the German state of Saxony holds 20.1% of the shares of the Volkswagen Group. It is almost impossible for Porsche to acquire 75% of Volkswagen's shares in the market. It is too difficult to achieve.Moreover, under the influence of the financial crisis, Volkswagen's performance this year is destined to decline.

If you can't find a reason, don't look for it. Qu Li temporarily dispatched a team to Germany. He wanted to do long Volkswagen stocks through the channels provided by Swiss banks.

做出这个决定后，10月21日，欧元兑美元汇率出现大幅下跌，几天时间从1.34下跌到1.25，曲黎飞到欧洲做好准备的时候已经是10月24日星期五，空头凶猛，大众股价从10月16日的395偶元下跌到10月24日的200欧元。

"Do you really want to buy Volkswagen shares?" Several traders were very hesitant.

"If it falls to 100 euros at most, will the Volkswagen Group still go bankrupt? We don't use leverage, and the risks are controllable."

"..." Several people looked at each other in confusion. A loss of 1.1 to 6000 million euros from [-] million euros. Is this a risk controllable?

"Stop the ink. Anyway, I'm going to hit Infineon for the sake of the Volkswagen Group."

Well, everyone no longer hesitated. They suggested that Qu Li wait for Infineon or Qimonda to go bankrupt and acquire high-quality assets. Unexpectedly, Qu Li wanted to save Infineon.

As a result, the fierce short selling allowed Vision to run out of funds and buy 50 shares of Volkswagen Group in just one day.The market value of the Volkswagen Group is about 600 billion euros, and his more than 1 million euros cannot cause any splash.

The weekend is coming next, and they have time to investigate Infineon. They feel that it is going to be cool again. The business situation is very poor, there is a lot of debt, and it looks like it will go bankrupt.Although Qu Li is covetous of its baseband chip business, its annual revenue is nearly 10 billion euros, which is about the revenue of Infineon in one quarter at this time, accounting for about 30% of the total revenue.

“We still have too few professional team members to make a correct assessment of Infineon’s value.”

"Then call Professor Chen Tong over and ask Wu Ping from Spreadtrum if he wants to acquire Infineon's wireless communications department."

"Okay!" Several people saw Qu Li's courageous performance and no longer hesitated. A reckless hero like Qu Li might really be able to work wonders in a chaotic moment like the financial crisis.

Qu Li is in Germany, which will naturally become the center of the Vision Fund's work. Talents will soon gather. Porsche issued a shocking good news on the 26th. They increased their shareholding ratio in the Volkswagen Group through options. to 74.1%.

What is this indicating?TV stations and online media soon reported that the proportion of short sellers exceeded 10% of the total share capital of Volkswagen Group, and about 5% of the shares in the market, which means that almost 100% of these short sellers will default.

"Oh!! Boss is awesome!" Several people screamed in the hotel. The drama of Porsche's acquisition of the Volkswagen Group has been brilliant for decades, and it is definitely a frequent visitor in various teaching materials.The application of rules and the grasp of timing have reached the point of perfection.

Qu Li was of course excited at this time. After a few days of speculation, the profit had at least doubled. They were just waiting to receive the money, ignoring the treacherous goings-on outside.

"Boss, UBS is calling. Germany wants us to sell Volkswagen's shares tomorrow."

"Don't pay attention to it, it won't work tomorrow."

Qu Li used pure cash to speculate in stocks, without any leverage or any violations. How could anyone really dare to force them to sell stocks? The Frankfurt Exchange must have discovered that something was wrong. If this continued, the credibility of the entire exchange would be destroyed. That's why it became anxious. .

Many short sellers will deliver their stocks at the end of the month, but there is still a 5% gap in the market. Unless Porsche takes the initiative to buy stocks, it will not be able to make up for it. At this time, asking other small shareholders to give up the shares of the Volkswagen Group is just a small amount." "Through little effort", the key lies in Porsche.There is a high probability that the German court will agree to some of Porsche's demands, such as no longer using administrative means to prevent them from acquiring the Volkswagen Group.

In the end, no one knew whether there was a similar request, but the government of the German state of Saxony later sold a lot of Volkswagen shares to Middle Eastern tycoons.As for the Volkswagen Group's counter-acquisition of Porsche, it is another matter. Anyway, the controlling shareholder has become the big boss of Porsche at this time.

On Monday, people from Vision Investment continued to come from China. Volkswagen Group's stock opened higher and rose from a maximum of 350 euros to 635 euros. Both bulls and shorts were grabbing chips, including the Vision Fund. Some people couldn't see the situation clearly at the opening. Cashing out in advance, the stock price dropped from 350 euros to 324 euros, and 10 shares were quickly grabbed.You ask where the money comes from. Who cares about money at this time? They want stocks. The final closing price is 520 euros.

On this day, you can imagine how anxious the German court and exchanges were. Which one is more important, a giant company, or the credibility of the German financial system? It is difficult for anyone to decide. You can't use public power, right?

On Tuesday, October 10, Volkswagen Group shares opened at 28 euros, fell slightly to 500 euros, and then rose rapidly.

"Throw away all the money that exceeds 1000 euros!" Qu Li gave the day's trading plan. Anyway, he planned to keep an eye on the market today. If the Volkswagen Group's stock price does not rise to 1000 euros, he will see if Porsche will sell. Keep an eye on Porsche. There is nothing wrong with the transaction.

Fortunately, history did not go astray. The share price of Volkswagen Group soared to 1005 euros. All shares of Vision Group were successfully cashed out, and the loan and interest were repaid, leaving 5.65 million euros in the account. Four people including Qu Li divided the 500 million euro reward. This operation was perfect.