Chapter 590

After staying abroad for more than a month, he had to return to the Soviet Union ahead of time. And Donia and Karim will be responsible for the next thing, which is to join hands to take control of the entire Volkswagen Group.

The biggest obstacle to Gorky's financial team is the damned Volkswagen Corporation Act. The purpose of this bill is to block all opportunities for foreign investors to take advantage of the opportunity. It is hard to imagine that in the western countries with absolute freedom of capital, there will be such an unfair exclusion clause. But now there is more or less good news, that is, the irreconcilable contradiction between the immediate descendants of Ferdinand Porsche and Piech. So Wolfgang Porsche, the representative of the same interests, soon formed an alliance with Blackstone Group on behalf of the family to fight for the control of the Piech family.

Peterson and Wolfgang soon signed a rigorous cooperation agreement, Blackstone Group will fully support Wolfgang's equity fight in terms of funds. After the agreement was signed, Peterson flew back to China to deal with the relevant legal affairs, while Karim, as a senior partner of CBS, was responsible for the follow-up contact with Wolfgang.

Wolfgang was very unhappy that the Bank of Columbia only sent a little girl, but he soon saw the strength of the little girl. Under Karim's lead, Britain's Rothschild bank, Barclays Bank and Royal Bank of Scotland will soon join in. The four banks will provide enough funds for Wolfgang to buy the whole car. So in the Frankfurt Stock Exchange, a fight for control of the company began.

In order to gain more chips, Wolfgang should first buy the stocks of other investors in the stock market. With enough cash reserves, the acquisition went well. The share price of Porsche soon became a blue chip stock in Frankfurt market. With the stock price rising, the cunning Piech immediately reacted. He began persuading VW's board of directors to provide funds to protect control of the company.

Why can Piech influence the board of directors of Volkswagen? Piech is an important member of the board of directors of Volkswagen. After he was swept out by his uncle decades ago, he joined Audi and gradually brought the brand out of trouble with his outstanding talent in the automotive industry, After Volkswagen acquired the Audi brand and turned it into its own high-end brand, Pierre shoes entered Volkswagen as the president of Audi.

Piech has a good relationship with Volkswagen and a good reputation in the German auto industry. So when he suggested that Volkswagen support the Porsche group to prevent foreign capital acquisition, the exclusive German automobile industry stood on the opposite side of Karim.

Although the competition in Frankfurt stock market is fierce, the members of the Porsche family hold the preferred shares with high voting rights. Although there are many stocks in the market, they are not dominant in voting rights. However, Wolfgang still got enough common shares to bring the lost voting rights of the Porsche family back into his hands.

After a brief frenzy, everyone now knows what the Porsche and Piech family are going to do. So the market can absorb less and less shares of Porsche, Wolfgang's acquisition action has only come to an end.

After being caught unprepared, Piech soon found out who was behind Wolfgang to support the Porsche family in their fight for control. As a result, a big news was poked to the German financial media by piehian's internal ears and eyes.

Wolfgang's collusion with foreign capital for control of Porsche

English consortia involved in German automobile industry

Should we say no to the British

……

As soon as this news came out, Wolfgang became the public enemy and traitor of German industry. It was not long before Allianz Group of Germany came forward and announced that they would support Piech, and then the giant Deutsche Bank joined Piech's camp.

However, these are not the worst. The federal government also announced that it would be involved in the equity fight. Piech launched a new proposal in the board of directors of Porsche, proposing to introduce new strategic investors by means of additional shares. The German Ministry of finance, Deutsche Bank and Allianz Insurance all stood up and responded one after another. Then even the trade union of Porsche joined in. The union leader claimed that he did not believe that the British could manage Porsche well. If the Porsche family chose to cooperate with foreigners, the Union would take a series of measures to boycott the acquisition.

Almost overnight, the situation took a turn for the worse. Karim and the British consortia almost became the public enemies of the German automobile industry. The conflict between the British and German people also raised the equity fight to the national level.

"It seems that sometimes money is not everything!" Karim said with a wry smile to her UK partners.

"These damned bastards, the German communism, were not sent to the grave with Hitler at all. How can we forgive these damned bastards after the war?" The representative of RBS said angrily that he had participated in World War II and naturally had no good impression on the Germans.

"Karim, we have to find a way. If this thing goes on like this, it will be very bad for our acquisition!" The representative of Rothschild bank said anxiously that even the German government is involved now, which is tantamount to directly declaring the death penalty for the acquisition.

"Please don't be impatient. I don't think things are irreparable. We should still have a chance!" Karim told his partner.

"Karim, although our banks are good friends, they are in business. I don't see any room for turning around. Unless we can get the German government to give up its meticulous protection of its own businesses. So, we, Barclays, have decided to pull out of this acquisition! "

"Gentlemen, you are too anxious! How can you be so sure that we have no chance! Well, if you resolutely withdraw from this action, we can purchase all your rights and interests at your cost price! " Karim replied rudely.

"Do you have another way?" Asked the representative of the Bank of Scotland curiously.

"Of course, it's just the beginning! This time, our target of CBC is Volkswagen, and Porsche is just our appetizer before dinner! " Karim said confidently.