Chapter 1095 - The Great Merger - LVMH Group!

Xia Yu took a sip of coffee and said in a calm and powerful voice: "Mr. Henry Rijamir, I came with sincerity, so I won't treat you badly, I will only bid once!"

Henry Rijamir nodded slightly and did not speak, and continued to look at Xia Yu quietly, but his breathing subconsciously slowed down.

"I'll give you fifty million francs worth of equity!"

Henry Rigiamir's heart was relieved, and then his mind was surrounded by a great surprise in his heart.

It turned out to be an equity worth 50 million francs!

If this is put in the Louis Vuitton Group, it can get more than 2.5% of the equity!

He has worked in the Louis Vuitton group for more than ten years, and the total salary and bonuses he received are only more than 13 million francs!

Xia Yu gave nearly four times his total income over the past ten years!

At one point, he subconsciously wanted to get more.

But the thought only appeared for a few seconds, and it was worn out by his sanity.

Fifty million francs is enough for equity!

After all, he takes equity, not cash, and he prefers equity to cash, after all, having equity means having dividends and a steady stream of income.

Not only that, the Bright Fund obviously has huge ambitions, after the merger of Louis Vuitton Group and Moët Hennessy Wine Group, the future will only be brighter, the company's potential is very large, and the future equity will only become more and more valuable, and he will ask for cash if he is stupid.

He will not be arrogant to think that his investment ability will be stronger than that of Bright Fund!

And, after accepting this equity, he will have to eat with Xia Yu in the future, and the equity worth 50 million francs does not occupy much proportion in the merged company, and his excessive greed causes Xia Yu to feel uncomfortable, and after entering the company, Xia Yu has a way to clean up his small shareholder.

Countless histories have proved a truth, small shareholders can never fight against absolute controlling major shareholders!

It's better to accept it when you see it!

Anyway, the price is not low!

After making up his mind in his heart, Henry Rijamil's mentality changed, his posture took the initiative to lower, his face showed gratitude, and he said to Xia Yu enthusiastically: "Mr. Xia, I accept your conditions. ”

Xia Yu smiled lightly and said, "Henry Rijamir, happy cooperation!"

"Happy working together!"

The two shook hands as they spoke.

Now that it has been negotiated, there is no need for Xia Yu to waste any more time.

He said bluntly: "Henry Rijamille, in about this week, Moët Hennessy will send a merger application to the Louis Vuitton group, and you should make the most of your time and think carefully about how to convince the Vuitton family as soon as possible." ”

"If there is any aspect that needs the cooperation of the Bright Fund, you can put it forward in advance, and it is convenient for me to arrange it in advance. ”

"Okay, I'll do it with all my might!"

Henry Rijamir nodded.

"I'm waiting for your good news!" Xia Yu said with a chuckle.

......

In the following days, Leo Martin reconvened the board of directors of Moët Hennessy and voted to approve the private placement in the midst of Gilles Hennessy's incompetent rage.

The meeting of the Board of Directors was followed by a general meeting of shareholders.

Knowing that it could not be stopped, Jill Hennessy directly refused to participate, so the vote at the shareholders' meeting was 100% passed, and it was a situation to ensure that the process was legal and compliant.

The current version of the French "Company Management Law" does not stipulate that the private placement of non-listed companies requires the approval of the CSRC.

Therefore, after the approval of the general meeting of shareholders, the resolution can be directly implemented.

The billion francs of the Bright Fund had already been prepared and immediately transferred to the corporate account of Moët Hennessy Wines, and then the president, Alain Chevalier, arranged for his subordinates to go through the formalities for the issuance of additional shares.

Gilles Hennessy could only watch angrily as his family's shareholding fell to 11.85 percent.

And that's not all.

The acquisition team of Bright Fund once again came to buy the equity held by the Vuitton family, and the attitude was very tough, it was completely coercive, and there was no such thing as an inducement.

Originally, when the company was still listed, they held as much as 17.5 percent of the shares, which were worth more than 1.20 billion francs even if they were transferred at parity, and would be worth more than 1.33 billion francs if they were to have an ordinary premium of 30 percent.

But what about now?

If the previous market value of more than 5.85 billion francs is added, plus the billion francs financed by the Bright Fund, the company is worth more than 6.85 billion francs, and the equity held by the family is worth more than 811,100 francs.

If it is calculated according to the company's assets that have just been privately placed, it will be even cheaper, worth only more than 367 million francs.

The difference is very different!

And what is the current price of the Bright Fund?

400 million francs!!

When he heard the price, Jill Hennessy almost fainted.

The acquisition team of the Bright Fund also threatened that if the Hennessy family refused to sell, then the Bright Fund would continue to dilute the company, and there was a way to make them regret it.

In desperation, the Hennessy family held several internal meetings, and no matter how they analyzed, the result was that they were not qualified to fight with the Bright Fund, and the consequences would become more and more serious.

Instead of putting the capital here, it is better to cut your wrists and sell the equity to work hard.

In the second negotiation of the Bright Fund, after a fierce confrontation, the Bright Fund finally raised the price to 600 million francs and did not relent, and the Hennessy family could only reluctantly agree.

January 12th.

The Bright Fund acquired 11.85 percent of the shares held by the Hennessy family for 600 million francs.

Moët Hennessy Wine Group is finally wholly owned by Bright Fund!

There was also a small episode in the afternoon, when Alain Chevalier, who had been following the Hennessy family closely, learned that the Hennessy family was trying to move the Fairvaux family to leave, and he immediately issued a warning to the Hennessy family, and at the same time had the Bright Foundation issue a warning later.

On the other hand, he also separately found Yan Fair-Evo, the head of the Fair-Ferveau family, to do ideological work, and also raised their salaries and signed a tighter contract.

The Fair-Sale family is indeed reluctant to leave the family to create Hennessy brandy for two hundred years, and the blending skills inherited by their family are tied to Hennessy brandy, and the blending skills and recipes of the wine belong to the company, and they can't take it away.

Yan Fairvo recognized the situation.

So the Hennessy family and the Fair-Au family, who had worked closely together for two hundred years, announced their breakup, and they would eat with the Bright Fund in the future.

On January 13, the day after Moët Hennessy was taken full ownership.

Moët Hennessy sent a merger application to Louis Vuitton, and the company's president, Henri Rijamir, immediately convened a board meeting.

At the meeting, Bright Fund, as the relatively controlling majority shareholder of Louis Vuitton Group, directly agreed and showed a bright future after the merger.

The Vuitton family objected, and the first board meeting ended without a hitch.

In addition to the Vuitton family, whether it is Leo Martin or Henry Regiamire, they all know that this time the board of directors is also a formality, in order not to arouse the suspicion of the Vuitton family.

Then Henry Rijamir began to analyze the pros and cons with the Vuitton family, while the Bright Fund coerced and induced from time to time to create pressure on the Vuitton family.

Under the constant persuasion and deception of Henry Rijamir, the Vuitton family was finally convinced.

Then there's the price.

After much negotiation, it was finally agreed that Moët & Chandon Hennessy would pay 6.9 billion francs and Louis Vuitton would pay 1.9 billion francs.

On January 18, the next meeting of the board of directors of Louis Vuitton Group approved the resolution of Moët Hennessy Group and Louis Vuitton Group by 100% vote, followed by a symbolic general meeting of shareholders in the same conference room, which was also approved by 100% vote.

On January 20, Moët Hennessy and Louis Vuitton completed a series of equity-related changes such as the company's business license, organization code, and national tax registration certificate.

The assets of the two companies were subsumed under the newly registered Moët Hennessy-Louis Vuitton Group, abbreviated as LVMH, and the shares of the original shareholders were redistributed to 100 million registered shares.

Bright Fund is the largest shareholder, holding 91.1 million shares, accounting for 91.1% of the total share capital, and the second largest shareholder, the Vuitton family, holds 8.9 million shares, accounting for 8.9% of the total share capital.

Of course, the 50 million francs worth of equity that Xia Yu promised to Henri Rigimere was secretly disposed of, and it had been privately transferred in advance to a company that was handled offshore, with a total of 568,000 shares, and as for when Henry Rigimir was exposed, that was his business.

So in fact, the shareholding ratio of Bright Fund is 90.53%.

Xia Yu didn't care if he was a little less, anyway, he successfully acquired the Louis Vuitton Group's ninety biggest gains, if he let the National Bank of Paris to acquire it, even if he succeeded, he would have to spend hundreds of millions of francs, and the National Bank of Paris would have to draw at least 50 million francs in commissions! The price was much smaller than only giving Henri Rigimil 50 million francs!

Now in this case, in fact he has earned!

Early in the morning of January 21, the front page of Le Ferrero reported the news of the merger of Moët Hennessy and Louis Vuitton into the French LVHM group, and named the merger and acquisition "the largest commercial merger and acquisition in Europe in 1982"!

The whole of France was shaken!

Then the aftermath spread throughout Europe!

It only took more than a month to complete the merger and acquisition case perfectly, and the name of Bright Fund was once again mentioned by countless media, and its reputation and prestige continued to skyrocket.

After the exposure, Xia Yu received a lot of congratulations, including French President François Mitterrand.

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