Reborn as the richest man in India

"You said that the acquisition of Northern Mining Company is in big trouble. Why do I feel that we are probably not the potential acquirer that Northern Mining is looking for." Jogo stared at Frist and smiled.

This made Forrest smile awkwardly and said: "Mr. Gupta, you are right. Isn't it because the company has no funds in its account? The companies it acquired before were able to get mortgages, and they have already taken mortgages. Now we have more than 100 million US dollars in our account, which is far from the price quoted by Northern Mining Company. Of course, I believe Mr. Gupta that you can solve the funding problem, so I also expressed my intention to acquire from Northern Mining Company, but they They look down on people and don't take us to heart. Their thoughts are mainly on a few companies such as CRA."

This is certain, and Northern Mining will definitely investigate the financial strength of these acquirers.

International Consolidated Mining Corporation has recently made a lot of moves in the iron ore industry. It has made acquisitions in both Australia and Brazil.

It can be said that billions of dollars have been spent on acquisitions and acquisitions in a short period of time, and its strength has certainly been recognized by everyone.

However, after such a large-scale acquisition, everyone also knew that the funds of International United Mining Company were almost reaching their limit.

Especially since it has almost stopped recently and there are no big moves.

Northern Mining is not a small company, so everyone knows that Forrest may not have enough funds to acquire it.

Frist personally had no money to invest. He had already gambled all his wealth on the last investment in International United Mining Company, but he still had great confidence in Qiao Ge and the others.

After all, he knew that Qiao Ge and the others had made a lot of money from Damao, so it would be okay to spend one billion dollars, without any difficulty.

So now he has to convince Qiao Ge and others to continue to increase capital.

Frist is now fully focused on International Consolidated Mining Company. This is his dream, to be in charge of a giant mining company.

Although the company is now quite large and well-known in the industry, Frist's ambition is not only that, his goal is even greater.

Then more financial support is needed.

Northern Mining Company must win in order for the company to develop rapidly. This is an opportunity.

"Mr. Gupta, please believe me. If Northern Mining Company can be won, it will definitely shorten the development process of our company by several years. This is very important." Frist continued, "I hope Gupta Sir, if you can agree, you can also convince Mr. Rohatin and them to continue investing.”

Frist stared at Jogo expectantly.

Of course, he knew very well that the most important thing for this investment was to convince Qiao Ge.

Because Qiao Ge has the largest share.

Rohatin and the others just have a more special status. In the company, Qiao Ge has the final say.

And he knew that Qiaogo alone had the ability to invest US$1 billion, so when Qiaogo called, he immediately put down the work at hand and flew to Mumbai.

"I'll think of a way to fund it," Qiaogo said. "Let me ask, Northern Mining Company's iron ore is only part of it, so how big is it approximately?"

"Mr. Gupta, do you think Northern Mining Company's iron ore operations are small?" Forrest asked with a smile.

He heard that Qiao Ge agreed to invest, and his heart felt at ease.

"According to you, this scale is not small enough?" Qiao Ge became interested.

"Mr. Gupta, I must correct your view. Let's talk about one of the iron ore mining areas under the name of Northern Mining Company, Robe River Iron Mine, located in the Pilbara region. Northern Mining Company holds 53% of the mining area in this area. shares. Luobuhe Iron Mine began operations in 1972 and has sold approximately 30 million tons of iron ore in recent years..."

Listening to Frist's words, Qiaogo had a more detailed understanding of some data related to iron ore. He knew that global iron ore production last year was about 1 billion tons. For example, India's production was about 60 million tons, while the North's production was about 60 million tons. The Luobu River iron ore mine owned by the mining company has 30 million tons, which is half of India's national output. How terrifying.

There are three main mines under the name of Luobuhe Iron Mine, namely Massa A, Massa J and West Angelas, with total reserves of more than 600 million tons. Based on the current annual output, it can be put into operation for 20 years.

Judging from these data, Qiao Ge felt that he had really underestimated the position of Northern Mining Company in iron ore just now.

He thought that iron ore was not the main business of Northern Mining Company, so the scale must not be large.

Now I realize that I was terribly wrong. Even if it is not the main business, it still has to be compared with a few large iron ore companies. Such a scale is not small even in the iron ore industry.

"Only 53% of the shares? What about the others?" Qiao Ge asked, "Can they all be acquired?"

Forrest was stunned for a moment, and couldn't help but smile bitterly: "Mr. Gupta, shouldn't we be discussing how to acquire Northern Mining now? Once we acquire it, it will not be that difficult to acquire the other 47%. These shares It is dispersed in the hands of some investors or other companies."

"Haha~~~I'm a little anxious." Qiao Ge laughed and said, "This northern mining company must be taken down. I will raise funds immediately. You are keeping an eye on them and can't let them easily conclude a deal."

"Mr. Gupta, don't worry, Northern Mining Company's appetite has become very big now, and they will not let go easily." Frist said, "If CRA Company cannot quote an astonishing price all at once, It is common for acquisition negotiations to take a year or two.”

Qiao Ge understands this. Many acquisitions of large companies will involve repeated negotiations, and it is not surprising that it will take several years.

Very often, after several years of negotiation, it may end in failure.

Now that Northern Mining has higher expectations and higher quotations, buyers may not necessarily accept their prices, so the negotiations here are not that easy.

To be honest, Qiaogo didn’t think Northern Mining would be sold so easily.

After all, according to the memory of the previous life, Northern Mining would not be sold until 2000.

The current CRA company obviously failed to win.

However, I didn’t participate in my previous life. If I waited until I raised the funds to enter the market, it would be hard to say.

When CRA companies find out that they have a strong desire to acquire, they will definitely not sit idly by.

CRA Company and Hanbao Group have joined forces and should still have sufficient funds, so this is a strong opponent.

Qiaogo gave Frist a reassurance and told him that he was bound to win the Northern Mining Company, so Frist felt relieved to return to Australia.

For Jogo, the next step was raising funds.

In fact, Qiao Ge originally wanted to do this, but he just had an extra place to spend money. These dollars had to be raised no matter what.

Now that the price of Northern Mining Company has reached US$1 billion, and the participation of CRA Company in the competition will raise the price, Qiao Ge feels that he must prepare at least US$300 million, that is, US$1.3 billion is more reliable. If it is US$1.5 billion, Believe it or not.

In terms of loans, Qiao Ge still wants to borrow more.

In addition to acquiring Northern Mining Company, others can be used to acquire iron ore mines in Brazil and prepare for the Asian financial crisis in 1997.

So Qiaogo was thinking about borrowing US$3 billion no matter what. (End of chapter)