"Mr. Xuan, Jiagu's assessment report is ready. The secretary put a white paper of more than 200 pages on the table.

"It's finally done. General Manager Xuan of the Finance Department of the Export-Import Bank looked at the "Jiagu Assessment Report" on the cover and felt tired.

The soldiers and horses did not move, and the grain and grass went first. Two months ago, Jiagu made capital preparations for the acquisition of Gao Hong, an American grain businessman, and communicated with the Export-Import Bank.

Mergers and acquisitions are a favorite of banks, which can not only bring good profits, but also considerable visibility and long-term business cooperation.

Any large-scale acquisition is a big business.

But the problem is that the Export-Import Bank has ushered in two "big business" at the same time.

When Jiagu Group was planning to acquire Gaohong in the United States, the real estate developer Wanda Group was also planning to acquire AMC Cinema Company, the second largest in the world. The most important thing is that these two overseas mergers and acquisitions, no matter which one is successful, will set a new record for the amount of a single overseas merger and acquisition of Chinese enterprises.

It is an inevitable trend for enterprises to "go global", and it is accompanied by Chinese banks going out.

But billions of dollars in huge credit is not a small amount after all.

Even for the Export-Import Bank, it is necessary to go all out to provide a full process and all-round comprehensive financing service for a large-scale cross-border M&A project to ensure the smooth progress of the project.

Funding is not a problem, the problem is that the bank only has one of the best service teams.

Therefore, in response to the overseas mergers and acquisitions of Jiagu Group and Wanda Group, the Export-Import Bank of China conducted project evaluations for senior management to make "either-or" decisions.

Judging from the comparison of the first round, the two projects have their pros and cons.

In terms of the success rate of mergers and acquisitions, Wanda's mergers and acquisitions of AMC are relatively higher, but the risk of later integration is not low.

The risks of mergers and acquisitions include the risks of M&A prices and industry cycles, as well as the risks after integration. If the assets bought for 100 yuan are not well integrated and the potential value cannot be tapped, it may eventually become 20 yuan, or even 10 yuan.

Compared with Wanda Group, Jiagu's integration after mergers and acquisitions is a plus. Not to mention domestically, Jiagu has already had successful experience in mergers and acquisitions overseas - Jiagu Sugar is completely based on overseas mergers and acquisitions, and after more than three years of development, it has not only repaid all debts, but also stabilized its position as the world's third largest sugar company.

The Export-Import Bank of China supports overseas mergers and acquisitions of enterprises, and also hopes to grow together with enterprises that "go overseas", which is a bit embarrassing if the business is not sustainable.

From this point of view, Jiagu's merger and acquisition of Gaohong is also more sustainable in business.

Although dealing in agricultural products may not be as lucrative as running cultural businesses such as movie theater chains, the world's population is still increasing. In the long run, food prices will rise – people can skip movies, but they can't skip meals.

Moreover, compared with the acquisition of American theater companies that can barely be said to be "cultural going out", Jiagu's acquisition of Gao Hong really has the autonomy of grain trade.

At present, the grain imported into China is all in the hands of European and American grain merchants, and the grain transported by shipload after ship is in fact being extracted from the ring of profits.

As the "leader" of China's agricultural "going out", once Jiagu wins Gao Hong, it will be able to cross the hands of European and American grain merchants and directly trade grain with farmers in the Americas, whether it is shipped back to China or not, at least it will have the initiative in grain trade.

But the biggest problem with Jiagu's acquisition of Gaohong is precisely that the probability of success is not high.

Previously, Jiagu encountered bad public opinion and suppression in the United States were all looked at by the Export-Import Bank. In that situation, no matter how ambitious Ren Jiagu is, the Export-Import Bank is not optimistic about the success rate of Jiagu's mergers and acquisitions in the United States.

However, just when General Manager Xuan's cooperation intention was slowly leaning towards Wanda Group, new news came from the United States, the public opinion situation faced by Jiagu changed greatly, and Jiagu's financial department made a lot of gains in the bulk futures market.

Didn't say it, the evaluation report was redone.

The sudden change in the public opinion situation, and the possibility of more than a billion dollars in financial market profits, is enough to change and upend the entire assessment report.

This time, General Manager Xuan came to a different conclusion.

"Cargill and other U.S. grain merchants welcome competition from their Chinese counterparts? Are you kidding? When will the Americans be so kind?" he asked, flipping through the latest assessment report.

The secretary replied in a low voice: "I heard that Jiagu's public relations in the United States have been effective, and most of the local grain merchants in the United States are not disgusted with Jiagu's acquisition of Gao Hong. ”

“...... How did they do it?"

The secretary was embarrassed. In fact, the Export-Import Bank did not know exactly how Kaya did it, but through some channels, it learned that Kagaya had considerable support in the United States and had achieved a clear upper hand in direct competition with the island nation of Marubeni Trading Company.

General Manager Xuan didn't expect the secretary to give an answer, he directly turned to the conclusion: "So, based on this, the evaluation team believes that the risk of Jiagu's overseas mergers and acquisitions is lower than that of Wanda Group?"

As soon as he finished speaking, he realized that he had asked a stupid question.

In such a bad public opinion situation, Jiagu can quietly turn over, doesn't it still explain Jiagu's influence in the United States?

Although I don't quite understand how this influence came about, it was enough for the Export-Import Bank to raise its expectations for Jiagu's merger.

A basic way for banks to evaluate the success of mergers and acquisitions is to see whether the enterprise really has a long-term business plan and whether it is really ready for integration before the acquisition.

Jiagu's performance shows that it not only has a complete vision, but even more than an idea, which can be called a complete action plan.

Once Jiagu's overseas M&A risk assessment is lower than that of Wanda Group, Wanda, whose revenue and profit are far inferior to Jiagu, will have almost no advantage.

This made General Manager Xuan's heart infinitely inclined to Jiagu.

He waved his hand to let the secretary out, and then took the evaluation report and went to a meeting with other senior executives of the bank to discuss it.

The results of the brainstorming are also in line with expectations, and the Export-Import Bank will prioritize financial support for Jiagu's acquisition of Gaohong in the United States.

After returning to the office after the meeting, General Manager Xuan immediately called Wang Yuye, the general manager of Jiagu: "Mr. Wang, I have good news for you, our bank has agreed to provide financial support for your merger and acquisition. ”

"Mr. Xuan. Wang Yuye's voice on the phone seemed to be a little hazy: "Thank you very much for your favor, but we have a new source of funds, and we are now designing a new overall financing plan......

General Manager Xuan was stunned when he held his mobile phone, and at this moment, his heart was roaring: Who is it, who snatched my Jiagu?

......