Chapter 624: New Offer
"Are you really going to sell Knorr......? I can't help it. ”
Zhou Mengyi sighed in dismay, said, picked up the decanting glass, and helped Yuwen Fei pour a small half glass of red wine.
In the afternoon, I just finished a meeting with the delegation of China Resources, and in the evening the two came to the restaurant again for dinner.
Holding the goblet and slowly shaking it clockwise, looking at the scarlet liquid hanging on the crystal clear cup wall, Yu Wenfei nodded lightly.
He knew Zhou Mengyi's feelings for Jia Le.
However, relatively speaking, the stage of Knorr is too small and the limitations are too great, and he does not want to be trapped in this kind of industry and fight with domestic and foreign giants in close quarters.
There are not many benefits, but there are super troubles.
Seeing Yu Wenfei nodding, Zhou Mengyi sighed again, cheered up and said, "Okay, then after selling Knorr, will I be unemployed." Hee-hee, I just took this opportunity to rest for a while, but I saved a lot of private money, enough for me to squander. ”
Yu Wenfei smiled and said to Zhou Mengyi: "Don't think about resting for too long, after Jia Le gets rid of it, there are more important things for you to do." ”
What to do after selling Knorr, Yu Wenfei hadn't told Zhou Mengyi before, but now that he heard Yu Wenfei mention it, Zhou Mengyi was of course very curious.
She asked: "This time Knorr should be able to sell a lot of money, do you want to use the money to start a new company, or invest in the Internet company?"
"We don't start new companies, we don't invest in the Internet. Yu Wenfei said mysteriously.
Next week, Mengyi was even more curious, her eyes widened, and she said coquettishly: "Don't sell it, tell me quickly! Otherwise, I won't help you do things." ”
It was rare to see Zhou Mengyi like this, Yu Wenfei stretched out his hand and gently rubbed her hair, and said with a smile: "We want to buy a company, a very big company!"
Zhou Mengyi didn't know how big the company was, but since Yu Wenfei had already arranged the next road for herself, she was at ease.
............
On the other hand, after meeting with Knorr for the first round of negotiations, Scott and the others returned to the hotel where they were staying, and held a meeting as soon as possible, and launched a new evaluation around the number of Knorr's members and financial data.
"If all these figures are true, then our previous valuation of Knorr will be reversed. Of course, I don't think they're going to come out with fake data, and that's a serious consequence. The company's in-house counsel was the first to speak, and he certainly considered the problem from a legal point of view.
No one will fool people with fake financial data in acquisition negotiations, especially this kind of large-scale acquisition of tens of billions, and the buyers are not stupid, they are definitely giant companies with a large professional team. If you dare to use fake data to fool them, then wait for the lawsuit.
Scott nodded, of course he would not doubt the data provided by Knorr, and there was no need to verify it for the time being, because if it could really be acquired, there would be detailed due diligence before payment, and then any data from Knorr would not be able to hide, even if it was a little false, it could be found.
"According to the data just provided by Knorr, you should make a valuation as soon as possible, not according to low standards, but all tangible and intangible assets should be counted. After seeing these data, I was even more determined to buy Knorr! Moreover, there are still two strong competitors, you don't need to think about the company's acquisition budget, I come and go to the headquarters to apply for this. Scott arranged decisively.
The better the data of Knorr, the better it will operate in East China, in fact, the more Scott likes to hear it.
Because the shareholders of Knorr did not mean to hold on, it can be heard from what the young major shareholder said when they met that Knorr will definitely sell it this time as long as the price is right.
Since it is going to sell, then Wal-Mart is not afraid of any opponent!
Isn't it just fighting for financial resources, at this point, Wal-Mart will not be afraid of any opponent.
The world's No. 1 retail group is not in vain, and for the expansion of business in the mainland, the headquarters has also given strong support.
According to the information that Scott has mastered, Carrefour's side cannot compete with itself, because Carrefour's style of doing things is different from Wal-Mart, and Carrefour prefers to be "opportunistic"! Under normal circumstances, it will not use real money to smash the market, and it can be seen from Carrefour's development trajectory in recent years that the more common means for them to expand the market is to join hands with the local state-owned retail enterprises with strong strength, and enter the market with the power of those "local snakes."
And Walmart is different!
Wal-Mart does not do joint ventures, and it does not want to be involved with state-owned and private enterprises on the mainland, they only do self-operation!
Another point, that is, Walmart has money, and is more willing to spend money!
..................
The second acquisition negotiation was on August 5, this time, Yu Wenfei did not meet with the three separately, but let them come to the headquarters of Knorr on the same day.
It's the same big conference room as last time, but this time it's a lot more crowded.
Representatives of Wal-Mart, Carrefour, and China Resources Group all sat there quietly, looking at each other.
"Guys, in order to save each other's time, let's talk openly and honestly. After two days of re-evaluation, everyone must have a new understanding of Knorr Supermarket. Yuwen Fei got up and looked at everyone in the conference room, and said loudly.
Everyone had a smile on their faces, and it was obvious that after getting the financial data given by Knorr, they evaluated the company again, and everyone found that they had underestimated Knorr!
"Before you make another offer, I want to make one thing clear. That is, Knorr now has a total of 42 stores in East China, of which 38 have an area of more than 20,000 square meters, and only four have an area of less than 20,000 square meters, but they are also more than 10,000 square meters. Among them, 28 belong to the company's own properties, and the remaining 14 belong to leased properties. I'm talking about these 28 owned properties. ”
Speaking of this, Yu Wenfei paused to give everyone time to think.
"Own property, and supermarket system, can be separated. If you feel that the price of buying Knorr as a whole is too high to bear, then you can also choose to buy only the supermarket business and not the 28 properties of Knorr. Of course, even if you do not acquire these properties, our company will promise to renew the lease to your company for at least 10 years. As for the rent, you can also give a discount, compared with the local market price, give a discount of 20%. Yu Wenfei continued.
Yu Wenfei does not have to sell these 28 properties, in fact, as long as he sells the supermarket business, the money he gets is enough for him.
If these properties can be preserved, they are definitely high-quality assets, and they can be rented for a large amount of money every year. Moreover, you can wait for the appreciation in the future, so why not.
Listening to Yu Wenfei's words, Scott smiled slightly and said: "There is no need, since we Wal-Mart want to acquire, it is an overall acquisition, and our company is also used to holding properties by itself." ”
The representative of China Resources also nodded and agreed: "Yes, China Resources is also giving priority to the overall acquisition, and if your company does not sell these properties, we will have to reconsider the acquisition issue." ”
Yu Wenfei's face was as usual, but he was smiling bitterly in his heart, these big groups are really more shrewd than the other.
There is no doubt that he is not the only one who can see the appreciation of commercial real estate, and groups such as Wal-Mart and China Resources may have known it for a long time.
Like China Resources, maybe it's for these lands, and supermarkets are secondary.
However, this plan is still quite attractive for Carrefour.
Carrefour's expansion, unlike Wal-Mart, prefers to lease properties, and even "borrow chickens to lay eggs", in the final analysis, they are still stingy and don't want to pay too much money.
............
The second round of negotiations, adhering to Yuwenfei's "rough and direct" approach, on-site bidding!
Just like Facebook financing at the beginning, I am the one who takes the initiative, and of course I make the rules by myself.
He didn't want to talk to the three families one by one, it would be too tiring, too wasteful of time, and it would be of no benefit to him.
Since the three of them want to buy the buyer's pleasure, well, let's sit together and bid directly, and the one with the highest price will win.
Of course, if the price gap is not large, Yu Wenfei will still consider comprehensively, who to sell Knorr, and bring him more benefits in the future.
"11 billion! "Walmart's representative, Scott, was the first to make an offer.
Yu Wenfei nodded, noncommittal, and then looked at the Carrefour delegation.
"Six billion, only to buy the supermarket business. The Carrefour representative said cautiously.
Yu Wenfei looked at the representative of China Resources Group again.
"11 billion! The representative of China Resources said with a relaxed expression.
After listening to everyone's offers, Yu Wenfei was nothing, but Hu Jinchang, who was sitting next to him, couldn't hold back a little, and his face showed joy.
He has 13% of the shares in Knorr!
If it is really sold at a price of 11 billion, then he will not be able to get nearly 1.5 billion.
How much money did you pay when you bought a stake in Knorr after the year?
Only 200 million!
In only half a year, the investment of 200 million yuan was recovered, and 1.5 billion yuan was recovered, and the return on investment was as high as 75 percent!
That's a bit of an exaggeration.
Yu Wenfei smiled and said, "Is this everyone's final offer? If you don't change it, wait for our company's shareholders to discuss and decide the final negotiation object." ”
Walmart representative Scott and China Resources representative glanced at each other, obviously, the two of them regarded each other as opponents, as for Carrefour, the six billion offer was basically out.
"11.5 billion!" said the representative of China Resources, quoting a new price word by word.
Scott smiled contemptuously, showed no weakness, and said loudly, "One hundred and twenty billion!"