Chapter 695 Completion of the Agreement
According to the provisions of the equity swap agreement reached between the Gucci-Hermès Group and the Nestlé Group at that time——
If the share price of L’Oreal Group is lower than 120 in the next 8 years Euros per share, then they have the right to purchase the shares of L'Oréal Group held by Nestle Group at a price of 120 Euros per share at any time.
If the share price of L'Oreal Group is higher than 120 euros per share in the next eight years, they have the right to purchase the shares of L'Oreal held by Nestlé Group at any time at the current stock price.
When they reached this agreement, affected by the subprime mortgage crisis, the share price of L'Oreal Group fell from more than 100 euros at the beginning of last year to about 70 euros at the time. After that, the share price of L'Oreal Group fell again. Falling again...
Although their stock prices have risen this year, they have only returned to more than 70 euros.
In this case, if the Gucci-Hermès Group purchases the L'Oréal Group shares held by the Nestlé Group at a price of 120 euros per share in accordance with the agreement, it is equivalent to a premium of more than 65%.
For Nestlé Group, they are definitely willing to implement this agreement. After all, historically, L'Oréal Group's share price has not reached a price of 120 euros per share. It can be said that they have got a big bargain.
But Barron knows that it is actually more cost-effective to purchase the shares of L'Oreal Group at a price of 120 euros per share within the 8 years stipulated in the agreement, because after that, the share price of L'Oreal Group will rise significantly. , then in order to acquire the L'Oreal Group, it will need to spend multiple times of funds.
Now that it has obtained the permission of the Bettencourt family, the Gucci-Hermès Group can complete this agreement with the Nestlé Group, thereby obtaining 29.44% of the L'Oréal Group shares held by the Nestlé Group.
As a result, plus the L'Oreal Group shares they previously absorbed in the secondary market, the Gucci-Hermès Group's share of L'Oreal Group shares will exceed 35%, surpassing the Bettencourt family's share of the L'Oreal Group in one fell swoop. held shares in the company and became its largest shareholder.
At the same time, this shareholding ratio can also qualify the Gucci-Hermès Group to make an acquisition offer for the L'Oréal Group, thereby completing the acquisition of the remaining stocks.
However, Lilinaia Bettencourt is not completely confused. She just does not want her daughter’s family to control the L’Oreal Group, but she will not give up the Bettencourt family’s shareholding in the L’Oreal Group.
Therefore, the premise that she agreed to allow the Gucci-Hermès Group to acquire Nestlé Group’s shares in the L’Oréal Group was that after the Gucci-Hermès Group acquired the L’Oréal Group in the future, the Bettencourt family would retain its stake in the L’Oréal Group. shareholdings and have corresponding voting rights on the board of directors, thereby maintaining part of the influence over the L'Oréal Group.
Things always have to be done step by step. Barron did not think about finishing the battle in one battle, so he instructed Ashley Weber to agree to Lilinaia Bettencourt's request, and the two parties reached an agreement. protocol.
In this way, after the Gucci-Hermès Group completes the agreement with the Nestlé Group to acquire shares of the L'Oreal Group, it will officially start the acquisition of L'Oreal.
......
"Hello, Your Highness, I am Tallulah Riley."
"I know you, you are in "Pride and Prejudice" The performance is eye-catching.”
This is a charity dinner held by the Devonshire Charity Foundation in London. During this dinner, medical aid for women and children in Africa will be provided. To raise funds, many celebrities and public figures were also invited to the dinner.
The tall beauty who walked up to Barron to greet him was naturally familiar to Barron. She was Tallulah Riley, a young actress who had recently gained a certain reputation for starring in "Pride and Prejudice".
Of course, in Barron's previous life, she had another identity, that is, Elon Musk's second wife...
As mentioned before, originally Musk was in After divorcing his first wife, he met Dalula Riley through a friend's introduction when he came to London last year to relax. But because in this world, Musk was hosted by Barron in London at that time, so he did not meet Dalullah Riley.
And Barron did not miss this beauty. For example, for this charity dinner, the invitation letter Dalula Riley received was sent to her on Barron's instruction. Da.
As the youngest Duke of England and the person with the most wealth in England, this charity dinner held in the name of the Devonshire Charitable Foundation owned by Barron naturally attracted everyone's attention.
Being able to get an invitation letter to this dinner, it is no exaggeration to say, can even become a status symbol.
Although Tallulah Riley has gained a certain degree of popularity in the UK through her previous role in "Pride and Prejudice", who can come to this charity dinner is not the most popular star in the UK. What about the most popular ones?
So being able to get an invitation letter was enough to make Dalula excited.
The most important thing is that now at the dinner party, she actually met the Duke of Devonshire himself!
It is no exaggeration to say that the opportunity to talk to Barron Cavendish is what girls all over Britain and even Europe dream of.
After all, this handsome Duke has already been divorced before. After he became single again, he can be said to have become the top single nobleman in Europe. Who can refuse such a Duke? What about the temptation?
So Talulah Riley would not miss the opportunity to get to know each other.
In fact, before this, Barron had already dealt with countless celebrities and ladies who struck up conversations. After all, His Royal Highness the Duke can be said to be a very low-key member of the aristocracy. In recent years, only during the British social season He would only appear at the Royal Ascot, and he would sit in one of the seats closest to the royal family, which would not give ordinary nobles a chance to chat.
As for charity dinners like this, he rarely shows up. Now that they have the opportunity to get close, these people no longer care about being reserved.
On this occasion, Barron would not talk to Talulah Riley for too long.
Just when she was struggling with how to hand over the tissue paper on which she had just written her phone number with lipstick to the handsome Duke in front of her, she suddenly heard the other party ask:
"Ms. Riley, do you have WoawChat?"
"Huh?"
Dalula's almost down brain finally resumed thinking, and she quickly said:
"Yes, Your Highness the Duke, I have registered WoawChat before. It is a very useful application..."
"Then let's add friends. Maybe we will have the opportunity to invite you to dinner later."
“That’s mine It's an honor."
Seeing Barron enter his mobile phone into the friend adding page of WoawChat, hand it over...
Dalula quickly took it and entered her own name on it. Mobile phone number...
Suddenly, she recognized that this phone was very similar to the new Mate 3, but it was different in some details.
(End of this chapter)