Chapter 1208 Veolia Traffic
Dongdong...
Xu Liang knocked on the desk rhythmically, looking at the information placed in front of him, and there was a hint of thought on his face.
A moment later.
"Is this information finally finalized?"
Li Jinling affirmed: "They have reviewed it three times and confirmed that these assets are deprived."
Xu Liang nodded slightly.
When I was in France a few years ago, Christina discussed with him that Veolia Group would divest its "transportation and logistics" business, concentrate the company's main business on water treatment, solid waste and energy, and become a comprehensive environmental service provider.
He thought about it for a while and agreed.
But the specific stripping plan was not made at the time.
It has been made now, but the scale of the divestiture is much larger than he expected.
Veolia's transportation business developed rapidly throughout 2007.
In France, revenue growth is close to 10%, and in the international market it is close to 15%.
In addition, it has acquired SNCM in France and Supershuttle in the United States, consolidating and expanding its transportation business.
As of now, Veolia Transportation operates various urban transportation methods in 30 countries around the world.
These include: buses, light rail, subway, taxis, trains, long-distance buses and ferries, with a total of more than 39,000 vehicles (ships), employing 81,500 people, and 2.5 billion transportations in 2007. It has more than 5,000 large customers worldwide and a total operating mileage of 100 million kilometers.
Total annual revenue was 5.59 billion euros.
Among global transportation companies, Veolia Transport can rank in the top 20.
Although the profit margin of transportation is not high, the returns are stable.
In addition to the scale of Veolia Transportation, Xu Liang was reluctant to sell it.
Singing for a while.
Pick up the phone and call Christina.
The phone went through quickly.
"Dear, is it you?"
"Of course. Are the kids sleeping?"
"Just just went to bed."
After a brief chat about homely things.
"I have read the list of Veolia Transport's sales business sent by Anthony, and there is basically no problem. However, the global market is not very good now, so Veolia Transport may be difficult to sell.
So, my idea is that Red Rock Fund will take over this asset.
Viola Environment uses the funds to acquire Suez Group's environmental assets."
After a little consideration, Christina agreed.
Now, businesses around the world are tortured by the US subprime mortgage, banks are losing money, and they are consciously tightening credit. Without the support of banks, corporate mergers and acquisitions will become more difficult.
The price will also be lower.
Selling at this time is obviously not a good opportunity.
Hongyan Fund is its own person, so the price will definitely not suffer any loss.
Sure enough, I can't make much money either.
After all, 55% of Veolia Environment's equity is circulating shares, and Xu Liang cannot use his own money to subsidize outsiders. "How is the merger and acquisition negotiations of Suez Group going on?" Xu Liang asked.
"It's still being negotiated."
"Or the price?"
"It's not just the price, but also the management rights. Suez wants to compete with French Gas for the management rights of the new company.
Suez Water wants to negotiate with us, hoping that they can join the management of Veolia Environmental Group. If we disagree, they want to get a gold parachute worth 500 million euros."
Gold parachute refers to the company's senior management, after losing their original jobs, the company gave it rich economic guarantees, which was first born in the United States.
"Gold" means rich compensation.
"Parameter" means that executives can avoid the impact of changes in the company's control and achieve a smooth transition.
This strategy of causing the acquirer to "bleed heavily" is one of the "poison pill plans" for anti-acquisition.
Its principle can be expanded and applied to operators' resignation compensation for various reasons.
These compensations include stock options, bonuses, sack fees, etc.
Xu Liang couldn't help but frown.
He is not opposed to giving some compensation, but 500 million euros is too much.
"Where are gold parachutes on French gas?"
"Yes, it's also 500 million euros, the conditions are similar to ours."
"Suez was not so harsh before."
"Both companies want to acquire, and if it were me, I will also strive for more favorable conditions for myself." Christina said.
Xu Liang nodded slowly, "What do you say about French Gas?"
"We both communicated several times and firmly disagree with Suez's golden parachute plan. At the same time, we mobilized political energy to put pressure on Suez." "You must be defensive, don't believe their words too much." "I know. In private, we have been communicating with Suez to see if we can find any gaps to differentiate them." Xu Liang wanted to speak out that he could use the Hanhua Pacific Fund share to lure the other party, but he took it back to his mouth.
After paying the price, although he can acquire Suez Water, the weakened Suez Energy will definitely not be able to resist French gas mergers and acquisitions.
Totally cheap the latter.
He doesn't want to be so generous.
"Is there any news over Nicholas?"
"I contacted, but the president only said that we should abide by the business rules." "That's it."
Xu Liang touched his slightly rough jaw. "Then let's not worry about it for now and respond to changes in the same way."
"If so..."
"Don't worry, there are not many companies interested in environmental protection business, and even fewer are capable."
Christina nodded.
The two chatted for a long time before hanging up the phone.
Pick up the information on the table and read it for the last time, and asked Li Jinling to send it to Hongyan Fund.
—
In the morning, John Paulson jogged on the lakeside trail in Central Park, New York, as usual. Running is a habit he has developed over the past year and is both for exercise and to relieve stress.
When he started shorting subprime mortgages in 2006, Paulson Fund suffered huge market pressure and suffered serious losses, and many LPs asked to withdraw their investment.
There is a lot of good news about the real estate market, and optimistic real estate market experts and lenders continue to advocate that housing prices will continue to rise, or that the federal government will lower interest rates to maintain the market.
He survived all these darkness before dawn.
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Now, Paulson Fund has been honored and has jumped from a small and medium-sized hedge fund to the top-ranked large hedge fund in the market.
Countless investors cried and wanted to invest.
He has also become the top investment expert on Wall Street and even the world.
The government officials, wealthy businessmen and old New York moneymen who despised him and even looked down on him were rushing to have a lunch with him.
This feeling after success is amazing!
After running a few miles, Paulson, 53, stopped panting.
He took the towel handed over by the bodyguard and wiped the sweat from his forehead.
After all, time is unforgiving.
When I got home, I took a simple shower, and after breakfast, I drove the newly purchased Cadillac extension to the company on Wall Street.
As soon as the secretary entered the door, he brought bad news. "John, things are not good!" In the office, an executive of Paulson Fund handed him a stack of newspapers.
"Greedy Paulson"
"The New 'King' of Wall Street"...
The eye-catching news titles made his face darker quickly.
Although the contents of the articles are different, they are generally similar.
First use gorgeous rhetoric to tell in detail his history of making a fortune. In just two years, Paulson Fund made a leap in asset management from $1 billion to $28 billion, which is even more a big book.
Then the topic changed.
He criticized him for shorting the United States and sucking the blood of the people. He was the most greedy capitalist in history and should go to hell...
This is still conservative, and what is even more excessive is that some tabloids directly greet his ancestors in order to pursue sales.
I can't bear it! "Damn it, these abominable bastards, they should go to hell!!" Paulson roared.
The hideous look is as if he chooses someone to eat.
The people around them saw it and lowered their heads. It was the first time they saw the boss so angry.
But thinking about the contents in the newspaper, if they were in Paulson's place, it would probably not be much better.
After taking a deep breath, Paulson said quickly. "John, the public opinion is very unfavorable to us now. There are more and more people outside the company protesting to us. We must find a way to solve this problem as soon as possible." There was a senior executive.
"Fake, of course I want to solve the problem. Bex, is I giving you hundreds of thousands of dollars in salary and millions of dollars in bonuses just to let you sit here and let me give me some advice?!"
Looking at the boss's angry eyes, Bex shivered, knowing that he was rogue.
What kind of bird should I be? Is it good to be safe and stable?
Feeling the hidden sarcastic and ridiculous eyes around, Bex gritted his teeth.
In order to keep his job, he worked hard.
"Boss, if you want to divert the public's attention, you must replace it with more eye-catching news hotspots. So, we can collect some exciting entertainment news, or public concerns, and let the media expose it.
In addition, although we are the number one in the hedge fund profit rankings, Pacific Fund and Thiel Fund are also very profitable.
We can pull them out.
Even if we can't completely pick ourselves out, three companies will share the public anger, which is better than our family in front."
John Paulson touched his jaw covered with blue stubble.
"Pacific Fund is our most important GP after all, it's not good to push them out, right?"
Although that said, Bex, who is familiar with the style of the big boss, has already understood that the big boss has actually agreed to his suggestions, otherwise he will refuse firmly instead of being ambiguous.
"BOSS, although Pacific Fund is our GP, has provided us with billions of dollars in ammunition, we have also brought them rich returns.
Now we are in trouble, and they should help.
And Mr. Kim Caesar is famous for being generous, and I believe he will forgive our difficulties even if he knows it."
Paulson sighed, "Is this the only way?"
"This is the only way I can think of. Of course, maybe others will have better suggestions." Bex said quickly.
The other executives in the conference room saw the big boss's eyes and quickly expressed their support for Bex's opinion.
Anyway, even if the matter is revealed, it is not your own fault. "Do it do it. Hank, contact the media you are familiar with immediately."
A big bearded man quickly responded. "Also, everyone present has to sign a confidentiality agreement for this matter. If anyone leaks it, I will definitely let him lose everything!"
Looking at the big boss's sinister eyes, naturally no one was in trouble.
(This chapter ends)