Chapter 683 New Ownership Composition



In the blink of an eye, the first 5% sold on the night already had their new owners.

1% belonged to the Waldeaur family and their allies, 1% to a family of some Leopoldine nobles, 2% to the group of Dukes of the empire, and finally, the last 1% to the Carstensen family.

Larissa's family had won the last 1% to be auctioned, having pledged a value of 6.2 million gold coins.

Other large families started bidding on this auction, so slowly, the price was going up.

But the auction didn't stop there. As soon as Viktoria finished speaking and started another round of selling, the powers with Saints already started giving high increases in the bid price.

"3 million gold coins!" The level 19 woman next to her father said this as she raised one of her hands.

"4 million!" The young master Jansen raised a million at once, aware that many people there would participate in the auction as long as he did not reach high values.

It was in the interest of others there to bid closer to everyone's limit, so the envoy from the Rios family shouted. "5 million!"

"I'll pay 5.5 million gold coins!" The Carstensen family was focused on getting at least 3% of the Ritter Motor Company and bid again.

With such high values being reached so easily, the people at the tables in the surrounding area were silent, contemplating the bids of these high-level powers.

Those who had already achieved something sighed in relief, while those who had not achieved anything could only lament.

Unfortunately for several groups there, 6 million was more than they could muster.

One would have to worry about the investments that would come after this auction, so at least eight groups had been left out of the Ritter Motor Company for inability to honor future investments.

"6.2 million!"

As more powers bid, slowly with the voices bidding diminishing in quantity, one of the empire's nobles who had gotten nothing was looking in the direction of the Becker family.

"We must find a way to do business with that family." He said to his fellow alliance members.

"But how? Viktoria has already said that no parts of the Ritter Motor Company will be allowed to be sold outside of auctions like this." One of the people around that man's table said.

"Yes, but it will be impossible for a family like theirs to hour their investments. They have 7% of this company! That will force them to invest more than 12 million gold coins!

I refuse to believe that they have all that. So they will have to do business in the next few days."

A red-haired woman asked. "What will we do then? Do you have a plan?"

"No. We will talk to them and other old partners of the Ritter Motor Company. Let's understand how they intend to hour their investments.

? ? ? ? ? ?.

I doubt they will all diminish their positions. Some have too little to think about it."

While they were discussing, another slice of the Ritter Motor Company was sold, this time for the price of 6.9 million gold coins.

...

After a few minutes of astronomical bidding, 15% of the Ritter Motor Company was sold, with an average price of 6.5 million gold coins.

The last 10% had been sold to just four organizations:

The Rios family.

The Carstensen family.

The Jansen family.

Another large family of Leopoldine's shadows.

Larissa's family managed to set up their 3% position, while the Jansen family had gotten 4% of the Ritter Motor Company. Mabel's birthplace got 2%, with the last winner also getting a slice of it.

By the time the auction reached this point, those who had not yet gotten what they wanted were getting more nervous, raising their bids even more ridiculously.

"6 million gold coins!" Someone shouted after Viktoria authorized another round of bidding.

"6.1 million."

"7 million!" The same person said loudly, looking at a group that was competing with him.

Only three powers were left competing fiercely in this auction, all from outside Leopoldine.

The Rios family was still interested in the auction but was waiting for some wealthier ones to spend their coins to increase their position in the last two auctions.I think you should take a look at

Meanwhile, the powers of Asken, Utrary, and Cesha were competing bid by bid.

"7.1 million!"

"7.5 million!"

When the auction reached 8 million, the highest value of the night, the competing men almost exploded, given their tension, before accepting their defeats.

"Alright, another 1% fraction of the Ritter Motor Company is up for auction, this time for the price of 8 million gold coins for the Herbig family of Asken!"

More celebrations broke out in that hall while the high-level groups who had not yet gotten anything were getting nervous.

But time would pass quickly, and in this last part of the auction bidding, the 8 million range would be normal.

After 10 minutes, the last remaining 1% would be auctioned off and sold to a foreign power that promised to pay 8.3 million gold coins.

When the auction came to an end, the Ritter Motor Company had a new shareholder composition!

28% Ritter family

9% Frost Family

10% Morning Star Academy

7% Becker Family

5% Christen Family

7% Koch Family

1% Jacob's father's family

2% Elisabeth Family

3% Teusen Family

4% August Klossner

1% Peters City bourgeoisie

3% Larissa

1% Waldeaur family

1% Nobles of Leopoldine

2% Dukes of Leopoldine

2% Rios Family

3% Carstensen Family

4% Jansen Family

2% Secret Family in Leopoldine

2% Herbig Family

2% Utrary Family

1% Cesha's family

When mentioning the new shareholder composition to everyone there, Viktoria didn't take time to remind them of the time they had to pay the promised amounts tonight but also to talk once again about the investments to be made.

That evening the Ritter Motor Company had secured 140 million gold coins, 70% of which were to be paid in bronze, silver, and gold coins and the rest in crystals.

70 million would be the investment that the Ritter family would make, so the new and old partners were to invest over the next few days 2.5 million for every 1% they had.

When Viktoria finished the auction, all the people there quickly left the Ritter Motor Company factory in a hurry to get the coins in question.

This was particularly true for the houses Becker and Christen, but also the Morning Star Academy and the merchant groups allied to Elisabeth and August Klossner.