Chapter 908 Greed and Compromise
Of course Pierre Peugeot investigated the Space Renault project.
The most important reason why it failed was that the localization rate of the supply chain was too low. Most of the parts were shipped across the ocean from France to China, but the freight was not cheap.
As a result, the price of cars will become more expensive.
There is no price advantage under the competition from local manufacturers of the same type.
Quality and brand are not enough to erase the price disadvantage.
So failure is inevitable.
Peugeot Citroën, also a French automobile giant, has certainly taken a warning from the failure of Renault. After entering China, it has been optimizing the local supply chain.
Among them, Torch Group is the top priority.
It is not only the largest supplier of spark plugs in China, but also the largest supplier of piston pins, mirrors, lights, brake systems and vehicle air conditioners.
After acquiring and integrating the automotive lithium battery business of Nanfu Battery in 2004, it is still the automotive battery supplier second only to BYD.
It can be said that it is the most important supporter of PSA Peugeot Citroën in developing its business in China.
There is almost no substitute for the auto parts giant.
Originally, the development of the Chinese automobile market lagged behind its Japanese and German counterparts. After offending the largest local auto parts company, Peugeot Citroen can directly announce that it will abandon the Chinese market.
"Mr. Xu, we are just cooperating and have no intention of becoming enemies with you. Why should we be so decisive?" Pierre Peugeot said quickly.
When he joined this group, he felt that joining several companies would definitely convince Xu Liang.
But I didn’t expect that people have so many cards in their hands.
“Cooperation?
Caught Vivendi Group and threatened me to hand over the shares of Hanhua Group. Is this cooperation?
Do you think I am stupid, or do you think I am stupid? Am I easy to bully?”
The cold voice made the atmosphere in the whole room become depressing.
After a while, Bernard spoke and broke the silence.
“Xu, I’m sorry for causing you misunderstanding.
As Pierre said before, we have no intention of suppressing or bullying you.
The same goes for coming here today. With a friendly and cooperative attitude
And we don’t want much. We can only have 8% of Hanhua’s equity and half of the voting rights.
In terms of funds, we are willing to pay 120%. "
The old fox said something nice, but he didn't discount it at all when asking for the price.
Xu Liang said coldly: "The conditions are good, but Mr. Arnault has thought about it. What if I I promise you, big conglomerates and institutions around the world will follow suit tomorrow.
Hanhua only has so much equity, how many people can it withstand?
Therefore, I decided on the day the company was established that no one could hold the equity of Hanhua Group except the middle and senior managers of Hanhua Group. "
"Why is Mr. Xu so decisive? Hanhua Group can definitely go public..." Bernard said with a smile.
"The biggest purpose of going public is to raise funds to further develop the company. Hanhua is not short of money, so why should I find a mother-in-law for myself? ”
Being listed must be subject to supervision and financial reports should be disclosed in accordance with regulations.
Xu Liang is obviously unwilling.
He waved his hand.
Lu Hui, who had been sitting behind him, took out the documents that had been prepared and distributed them to the six people one by one.
While everyone was looking through it, Xu Liang continued.
“After completing the acquisition of Vivendi Group, Vivendi Network will complete the integration with Sina and become a network spanning Europe and Asia, with 230 million users, average daily traffic of more than 412 million, and annual revenue Breaking through 2.1 billion euros, it is the third largest Internet group in the world after Hongmeng and Yahoo.
Its market value will quickly exceed 20 billion US dollars. In the next three years, relying on the rapid development of the Chinese and European Internet markets, its market value will double. It's not a difficult task.
Now I am willing to share the equity of this company with you in exchange for Vivendi Group. "
Paused.
Xu Liang's tone became solemn, and the lines on his face became cold.
"Similarly, this is what I want to say to you all. concession.
If you still feel it’s not enough, I don’t want the Vivendi Group anymore, let’s just bayonet it in the shopping mall! ”
Xu Liang's decisive words shocked the hearts of the six people.
After scanning everyone with deep and oppressive eyes, Xu Liang slowly stood up.
"I have said everything that needs to be said. Whether you accept my friendship or choose war is up to you.
It is late, please go back."
Bernard Arnault stood up, took a deep look at the man opposite him, said 'goodbye', and left with the information about Sina and Vivendi Network in hand.
Others followed suit.
Watching them go away, Christina hugged the man next to her tightly.
"My dear, you looked so handsome when you were angry just now!"
As a native Parisian, she is very aware of the strength of the six giants.
When she knew they had joined forces, Christina felt desperate.
So when she saw her man standing head-to-head with the six giants, she was particularly shocked.
Women are strong-willed creatures.
Now her heart is full of tenderness and sweetness.
But Xu Liang was not as relaxed as she imagined. Although China is developing rapidly now, it is still lagging behind the huge countries of Europe, America, Japan and South Korea.
The six major families may not dare to risk losing the Chinese market and fight head-on with him.
——
After leaving Xu's Manor, the six of them had a tacit understanding and did not separate. They came to Bernard's own private club together.
After six people walked into the conference room, Mayer said angrily: "That yellow-skinned monkey is too arrogant. How important does he think the Chinese market is to us?
I think we should join forces. Come on, keep suppressing him until this bastard gives in."
"China's current sales account for 8.7% of the entire Kering Group's overall sales. Although it is not as good as the United States and Japan, it is the fastest growing market.
According to our group's internal forecast, up to five years Within a short period of time, Kering Group's sales in China will double.
And Xu Liang controls the largest retail channel in China, and even in the entire Greater China region.
King Group cannot lose. This channel." Francois Pinault said directly.
For him, Kering Group is the foundation, and Hanhua’s equity is just an investment.
There are many companies around the world worth investing in, but there is only one.
The same principle applies to Bernard Arnault, Bartholomew Mouriez and others.
“Now the global Internet industry is developing rapidly, especially in the United States and China. The market value of Internet companies is growing at a rate of 100% or even 200% every year.
This is An industry with great investment prospects
And as Kim Caesar said, once Vivendi Network and Sina merge, it will be the first portal in Asia and the second in Europe. Its market value will definitely exceed 20 billion. Even if the US dollar is not as good as Yahoo, it will definitely not be worse than Yahoo!" Pierre Peugeot said quickly.
"Pierre, you didn't expect that you would become an investment expert in such a short period of time?"
Mayer sarcastically said about his compromise.
"I just provided the most suitable suggestion for everyone. If you are unwilling to accept it, you can go directly to find trouble with Golden Caesar."
"I..., I just I think we can get more, such as more shares from Pacific Fund.”
Mayer doesn’t want to break up with Xu Liang.
L'Oreal Group's fastest growing market is the Chinese market, and Kelong Supermarket is L'Oreal's largest retail channel.
If she really breaks things off and causes the stock price to plummet, the shareholders and management of the group will hate her to death.
"The key is whether Xu Liang is bluffing now; or has he really decided that once we reject this agreement, he will abandon the Vivendi Group and break up with us?" Alan Widmore said.
While speaking, everyone’s eyes were on Bernard and Mouriez.
It was originally the idea of the two of them to unite to oppress Xu Liang and strive for greater interests.
Now that we encounter problems, they naturally have to make the final decision.
Of course, if the decision of the two people is not in their interests, they can choose not to listen.
After all, everyone is just a loose alliance temporarily united for interests, not an organized institution.
The two looked at each other.
“It’s a very important matter, let’s think about it for two days, and you can go back and think about it carefully.
Three days later, we will meet again at this place. "Bernard Arnault said.
Listening to what he said, everyone had no objections.
Except for Mouriez and Arnault, everyone else left one after another.
< br>After the room became completely quiet, Mouriez sighed
“Old man, these people are ready to compromise. ”
"It's normal. The Chinese market has been the fastest growing market in the world in the past ten years. Let alone them, my LV Group cannot give up on the Chinese market.
And Golden Caesar controls the largest market in China The retail channel has taken control of their famous family.
It is understandable that they are afraid.
More importantly, Golden Caesar has cleverly given them a way out.
The situation suddenly opened up.
Even if the two of us continue to insist on blocking his acquisition of Vivendi, some of the four people who left will definitely give up. "
Muriez nodded, "Old man, when you made this plan, didn't you expect Xu Liang's power in the Chinese retail market? "
Arnault said with a smile: "I will never make a move without doing a detailed investigation. ...In fact, from the beginning of this matter, I never thought that he would give up Hanhua's equity.
But.
In the negotiation, set the conditions higher first, so that there will be sufficient room for bargaining later. ”
Mouriez smiled and said: "This is what I know about you."
"I originally planned to get more shares of Pacific Fund, but I didn't expect that he threw out Vivendi Network and Sina." Bernard smiled.
"Isn't this a good thing? We can get double benefits."
Bernard nodded, but Xu Liang's expression at that time appeared in his mind.
The face is angry, but the eyes are calm.
The keen sense of smell he had honed over many years in the business world made him inexplicably feel that something was wrong.
But no matter what he thinks, there is nothing unreasonable.
The combination of Sina and Vivendi Network is indeed promising.
After all, this has been verified by a series of successful companies such as Yahoo and Yahoo Japan.
The two chatted for a while and then dispersed.
(End of this chapter)