Chapter 1105: The Nationalization of France Begins (First Vote)

The issuance of the "Nationalization Decree" this time can be said to be a worldwide attention, not only the major French media and television stations have also made a comprehensive detailed interpretation of this policy, but even the media in other European countries are trying to analyze the impact of this decree on France and Europe......

The Nationalization Decree specifies the list of nationalized companies, with a total of 39 banks, including three existing large state-owned banks and 36 private banks.

Among the state-owned banks, BNP Paribas, Crédit Lyonnais, and Société Générale, all of which have 10 percent or less of the equity in the hands of private investors or executives, will all be nationalized this time, and the government will once again achieve 100 percent control.

Among the 36 private banks, there are major national banks such as Banco de Paris, Crédit Agricole Suez, Crédit ICBC, Crédit de Mercancia, and Banco d'Edmond de Rothschild, which have assets of nearly 350 billion francs, as well as local banks such as the Credit Company of Marseille, the Bank of the Western Region, and the Regional Bank of Ontario.

In addition to the list of the 39 banks in the field of banking, the decree also gives special treatment to the three major banks that registered deposits of more than one billion francs before 2 January 1981, and provides explanations.

The Central Bank of Mutual Cooperation, the Mutual Credit Union and the French Cooperative Credit Bank, taking into account that they are subsidiaries of the Mutual Credit Agency, have their own business methods and social responsibilities, and are among the objects of future encouragement, are excluded from nationalization at the last minute.

What the general public did not know, of course, was that the three banks were spared, and that François Mitterrand had compromised with the three major families.

However, in spite of this, after this nationalization, the total deposits and loans of the nationalized banks (including those indirectly controlled by the state) accounted for 87.6 percent and 77.6 percent of the total deposits and loans of the registered banks, respectively, while the French private banks accounted for only 4.4 percent and 8.4 percent, and the foreign banks accounted for 8.4 percent and 14 percent.

The French government has absolute dominance in the banking sector!

In addition to the large-scale nationalization of the banking sector, the government also fully nationalized five giant industrial groups, including the Rhône-Planck Chemical Group and the Thomson Group, strengthening the government's dominant position in the heavy industry sector and facilitating the role of a leader in the following economic reforms.

As soon as the Nationalization Decree was issued, the whole country of France celebrated, and almost all citizens hoped that the government would reverse the economic decline and make everyone's lives better again.

On 13 February, the day after the promulgation of the State Law Decree, the Board of Supervisors of French Banks issued an official document stating that the name of the state-owned bank, Banque Edmond de Rothschild, would be changed to BNP Paribas.

The ownership and use of the name of "Edmond de Rothschild Bank" was transferred to the French company Orléans free of charge, and a full class banking license was issued to the French company Orleans.

When he saw this document, Xia Yu was completely relieved that his cooperation agreement with the Rothschild family had all come into effect, and the equity of the Royal Bank of Scotland and Standard Chartered Bank was finally no longer possible for the Rothschild family to take back.

Because the French company of Orleans is a wholly owned company in France by the Rothschild family.

On February 16, the French company Orleans completed the change, and the Edmond de Rothschild Bank was established in Paris again, but this time the Rothschild family was very low-key.

Although there was no media publicity and no opening ceremony, as long as the big families in Paris knew that the Rothschild family had reopened the Edmond Rothschild Bank, many families were dissatisfied, because although the Rothschild family was greatly damaged, it was not cleaned up, and there would be huge trouble in the future.

Moreover, the Edmond de Rothschild Bank is a golden signboard, although the bank assets cultivated by the Rothschild family in the past 20 years have been confiscated by the French government, but as long as this invisible signboard with an invisible value of at least tens of billions of francs remains, the Rothschild family will recover its strength more than five times faster than re-registering a new bank!

But these are also what Xia Yu is happy to see.

He knew very well that the Rothess family, the Rockefeller family, and the Morgan family were the enemies of the first array of major French families and consortia, and leaving the Rothschild family in France would be able to attract a large part of the firepower.

And the environment for his rise will be more relaxed.

This time in France, he pit the Rothschild family, and he has already made a lot of money.

The Rothschild family will definitely be annoyed, but if the major French families and consortia suppress not only the Rothschild family, but also Xia Yu, the two parties will not be able to unite against the native forces of France.

For rulers, in this world, interests are eternal!

What's more, the fact that the French side has cheated the Rothschild family does not mean that Xia Yu can no longer retaliate against them in other places.

For the sake of harmony within the Rothier family, how can the strength of their various branches be as close as possible, how can the Rothier family be the dominant in the UK!

Thinking about it like this, Xia Yu suddenly felt that he must be a good person who thinks about others, hehe~

......

Perfectly completed the set goal, Xia Yu was comfortable, and even with a lot more smiles on his face, the company's employees were affected by him, and their enthusiasm for work was even higher.

That afternoon, Xia Yu was in his office looking at Leo Martin's phased acquisition report for the Bussack Group.

After assigning him the task on January 21, Leo Martin gave the company's team 10 days to prepare for the operation.

Then the official operation began on February 1.

First, the newspapers of the Mirror Group began to analyze the crisis of the Busack Group, and at the same time, they secretly pushed the Busack Group staff union to carry out a larger strike action.

This series of behaviors caused the capital market to downgrade the Busack Group again, and the Bright Fund has been shorted in advance, so the Busack Group's stock market has fallen all the way in the past two weeks.

By the time the market closed on Friday, February 12, the market value of the Busack Group had fallen from more than 620 million francs before the operation to more than 380 million francs, and the market value had evaporated by more than 240 million francs.

And the bad news about the Busack group continues to be generated.

Therefore, on the weekend of February 13 and February 14, Bright Fund proposed to end the gambling in advance with various short VAM institutions.

In the face of the relatively loose price given by the Bright Fund, and these institutions do not want to put their funds in the Bussack Group, they all agree to stop the loss.

Statistics show that the Bright Fund made a profit of 46.59 million francs in this short operation.

The second step of the plan, which will start next Monday, that is, tomorrow, will continue to suppress the share price of the Busack Group, and start using the shell company to secretly buy shares from the market and outside the market.

In order to carry out this second step of the plan, Bright Fund left 5% of the equity unsold when it gambled with major institutions, and the shareholding information has been disclosed once, so according to the financial transaction regulations, the over-the-counter acquisition of shares can voluntarily choose whether to disclose or not.

When he was about to get off work that evening, Leo Martin brought Xia Yu another piece of good news.

Château Romanée Conti was successfully acquired, and both families surrendered in the face of the French Franc Offensive.

However, the total cost of the acquisition was 355 million francs.

Prior to the acquisition, the value of Château Romanée Conti was valued at 160 million francs by the Bright Fund.

So this acquisition, the premium is as high as 222%!

In 1869, Jacques Marie Duvo Blochet bought Château Romanée Conti at a high premium for 260,000 francs, and now the estate is sold for 355,000,000 francs, an increase in value of 1,365 times in 113 years!

Although the purchasing power of the franc has been declining for more than 100 years, in fact, the total GDP of France has increased by 268 times, which is much lower than 1,365 times!

Although GDP cannot be linked to the purchasing power of money, the top wine estates are indeed extremely high-quality assets!