The Son of Finance of the Great Age
Chapter 717: look around for help
Chapter 717 Calling for help
While Wei Dejin was busy acquiring shares, Wolfgang Porsche, chairman of the Porsche Group, was also extremely busy, running around.
Two months passed in a flash, and the situation facing the Porsche Group has not improved in any way, on the contrary it has become more difficult.
Demand in emerging markets, which the Porsche Group has placed high hopes on, is rapidly sluggish. In the Chinese market, where the annual sales volume was originally thought to exceed 20,000 units, only a mere 2,147 Porsche sports cars had been sold before May, and it became a problem to complete the sales of 10,000 units throughout the year.
In the United States, the largest market, the sales of Porsche sports cars also suffered a plummet, down more than 50% year-on-year. As the base camp of Europe, their sales are also bleak, with a very serious decline in absolute numbers.
Of course, this is not the problem of Porsche alone. The global auto industry is facing similar problems. As a high-end sports car, because the demand elasticity is much greater than that of other ordinary models, it is the most impacted when the demand falls. Compared with other manufacturers with diverse products, Porsche suffers far more difficulties than its peers.
The five-month financial statement has not yet come out, but Wolfgang Porsche has already learned from the CFO of the estimated situation that the loss will be further expanded, and it is very likely that it will exceed the 2 billion euro mark.
Its own operation has encountered a situation, which means that it is even more difficult for Porsche to eat the Volkswagen Group. This was originally a game of snakes swallowing elephants, and now the Porsche Group is almost unable to continue playing.
"Prince Feisal, I wonder if you are interested in what I said?"
Like Zhongshi, Wolfgang Porsche also met Prince Feisal at the Burj Al Arab. The difference from two months ago is that the security level here has been significantly improved. , has undergone several strict inspections.
What he didn't know was that there was a helicopter parked on the top platform of the Burj Al Arab for Prince Faisal to evacuate at any time.
"very interested!"
Prince Feisal extinguished the cigar in his hand, waved towards Wolfgang Porsche, and signaled him to sit down, "We have always had a strong interest in high-end manufacturing and luxury consumption, especially products made in Germany. And the performance is excellent. Among other things, I have five Porsche sports cars in different series."
"Really? That's good!"
Wolfgang Porsche seemed to let go of a big rock in his heart, and let out a long breath, "Thank you for your support of German manufacturing. I wonder if His Royal Highness's fund has any plans to invest in German companies?"
"You mean buying a stake in the Porsche Group?"
Prince Feisal twitched violently twice, and then he pretended to be calm and said, "Why, the Porsche Group plans to give up its independent status?"
Other luxury car brands in Europe, such as Rolls-Royce, Bentley, Aston Martin, Lamborghini, and Ferrari, all lost their status as independent car manufacturers successively due to poor management or unclear positioning, and were reduced to a certain big brand car Precious toys in the hands of manufacturers.
The only one that is unique, looking at the whole of Europe, is Porsche. As a car manufacturer that only makes high-end sports cars, Porsche, in addition to maintaining its independence, is also the car manufacturer with the highest net profit per car, which has to be said to be a miracle.
If it was a year ago, if the Porsche Group invited others to buy shares, I believe that not many people would refuse, because the profits are too huge. Of course, it was impossible for the Porsche family to transfer their share capital half a year ago.
Things are completely different now.
"No, we still have the idea of being independent!"
Wolfgang Porsche categorically denied, "I believe you should be clear about our acquisition of the Volkswagen Group. Frankly speaking, we have encountered a problem with our funds. We want to raise more money by selling some of our shares. funds."
"You want us involved?"
Prince Feisal's face suddenly became strange, "A acquisition worth tens of billions of dollars? At this moment, I'm afraid we can't do anything about it." He politely refused.
Even without the previous agreement with Zhongshi, Prince Faisal’s fund can’t afford tens of billions of dollars in cash. The gap in Jibai’s infrastructure construction is getting bigger and bigger. Now all his energy and financial resources are invested Here, I hope that the normal progress of the project can be maintained, so that there will be no unfinished situation.
"No! No! No!"
Wolfgang Porsche shook his head like a rattle, "We have enough funds to support the acquisition of the Volkswagen Group, you don't have to worry about that at all. What we need now is a sum of funds to maintain the normal operation of the Porsche Group. Maybe you don’t know, because of the impact of the world economy, our profit has dropped sharply, and the financial situation has been unable to support us to continue to complete the acquisition. In this case, we are willing to sell part of the shares to obtain funds, let Porsche factories continue to operate."
"So it is!"
Prince Feisal, who had figured out the situation, nodded, as if rekindling his interest, and asked, "I don't know how many shares your company plans to sell, and how much money do you want to raise?"
"Currently our market value is around 10 billion euros. If possible, we would like to sell 25% to 30% of the shares in exchange for this number of funds." Wolfgang Porsche pondered for a moment, as if betting heavily The determination is average, "We must guarantee our own controlling position, so these shares should be the largest amount that can be sold."
"Fund raising of 2 billion to 3 billion euros?"
Prince Feisal's expression was a bit astonished. He never expected that the other party came so far away for such a small amount of money, and he was very surprised at the moment. But after thinking about it, he realized that this number may not be a big deal to people like him and Zhong Shi, but it is undoubtedly an astronomical figure to many other people.
Opportunities are really rare, even if you pay a little more, you can afford it, because for Porsche, a famous brand, buying shares means that huge profits will roll in in the future.
But thinking of Zhongshi, Prince Faisal's fiery heart immediately cooled down. No matter what, Porsche Group is far from being able to compare with Tianyu Fund. More importantly, now that Prince Faisal still needs others, how could he ignore Zhong Shi's request?
After fighting for a while, Prince Feisal finally shook his head lightly, "I'm sorry, Mr. Porsche. Your business is too small, and we are not currently considering an investment of this size. But if you can consider letting us take a share In the case of Volkswagen Group, we may still have the possibility to cooperate!"
Prince Faisal didn’t want to lose face even if he couldn’t squeeze out the cash. He deliberately said that the transaction scale proposed by the Porsche Group was too small and he didn’t like it. He used it to cover up the current embarrassment of his fund.
Sure enough, Wolfgang Porsche's face suddenly revealed a look of panic. He never thought that his life-saving deal could not be seen by others, which really made him very embarrassed. Blushing, he lowered his head helplessly, wishing he could find a hole in the ground and get in.
"No!"
At this moment, a thought suddenly appeared in his mind, "This situation is abnormal, and it cannot be the idea of someone like Prince Faisal. Although the transaction amount I advocated may be really small, as long as Where there is profit, there is no need to worry about lack of capital. His behavior is very abnormal, which is not the attitude a businessman should have."
As soon as he figured it out, he immediately raised his head, facing Prince Faisal's half-smile expression, he understood immediately, and blurted out, "Your Highness, do you have any difficulties, or is your company currently short of cash?"
He asked tentatively.
"How is it possible? Although our oil business is currently in a bad situation, other investments are very profitable. Cash is tight. It is possible for others to say this, but for us, it is absolutely impossible!"
Like a cat whose tail was stepped on, Prince Feisal immediately jumped up and said in a stern voice, "I warn you, you must be responsible for what you say!"
Seeing such an overreaction, Wolfgang Porsche was even more certain of what he was thinking, and he couldn't help but secretly sighed, knowing that his financing plan might fail, and the other party might really have no money.
He couldn't help but fell silent.
But his expression had another meaning in the eyes of Prince Feisal.
"Ring ring ring..."
At this moment, the phone in Wolfgang Porsche's arms rang. He smiled apologetically at Prince Feisal, walked two steps quickly, and went to the window to answer the phone.
"Boss, something is wrong!"
Wei Dejin said in a panic on the phone, "Our acquisition plan has a big problem, a big problem."
"Calm down! Calm down!"
After scolding the other party in displeasure, Wolfgang Porsche glanced in the direction of Prince Feisal again, and after making sure that the call at this distance would not be heard by the other party, he said in a low voice, "What happened? What's the matter?"
"Someone is sniping us in the stock market!" Wei Dejin took two long breaths, trying to calm down the panic, and then said calmly, "We traders had doubts before, but after several trials, we finally got it. Confirmed. Someone is attacking us in the stock market of the Volkswagen Group, they want us to exercise at a price of 210 euros per share, and they will not hesitate to let the stock price of the Volkswagen Group float in a certain range for this.”
"Is this any disadvantage to us?"
Wolfgang Porsche's head was a little dazed, and he didn't understand the stakes for a while.
"Of course it's not good!"
Seeing that his boss hadn't understood the stakes, Wei Dejin was naturally very anxious. After quickly repeating the arguments he heard from the trader, he said hastily, "Boss, no matter who the other party is, they must They're looking for trouble for us, and big trouble."
"I see!"
Wolfgang Porsche's face darkened instantly, but returned to normal the next moment. After all, it would be bad if Prince Feisal saw something. Moreover, he is thousands of miles away now, and needs to learn more about the situation.
At this moment, he was suffering.
For Prince Feisal here, it is also suffering. The city government is far less profound than Wolfgang Porsche. After being lied to by the other party, he actually revealed the fact that his consortium is facing a situation of exhaustion, which made him panic.
If the other party announces this news, the infrastructure construction of the entire Jibai will face a shutdown situation. This serious consequence is definitely not something he can bear. But how to explain the tell he just exposed, this has become the most urgent and first consideration of Prince Faisal.
"Uh…"
Seeing Wolfgang Porsche sitting across from him with a normal face, he hesitated for a moment, and finally said, "Actually, before you came, I had promised an important business partner that I would no longer interfere with the Porsche Group and the Volkswagen Group." I believe that besides me, some other financial groups should have also received this friend's greeting, so I am really sorry, Mr. Porsche."
"Callac?"
Combined with the news he just heard, Wolfgang Porsche's face suddenly changed, and without thinking, he blurted out the name of the person he was most suspicious of.
Thanks to book friends Lightfish, 8112268536, book friends 140106105136697, James Wu Wukong, Nanquan 99, angw12, and Huan Ge for voting monthly tickets! Thank you for your active support, it has brought great hope to the author at the end of the month, keep going~
(end of this chapter)
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