Chapter 192: Acquisition of Jaguar
Mrs. Thatcher did not know whether this arrangement was good or bad, and now she was preparing to make these economic changes to save the declining economic situation in Britain. Flash Dance
If Jaguar is sold to Mr. Lee, the money will not only be used for economic reform, but she will also be able to convince lawmakers who oppose her reform plan if Jaguar does better.
Margaret Thatcher said, "Mr. Lee, if you can agree with my opinions, I will persuade the government to sell Jaguar to you." β
"Your Excellency the Prime Minister, please speak. Lee Kwang Woo replied.
"First, after you acquired Jaguar, you promised that your car group's headquarters would not move out of England. Second, you may not resign from Jaguar Motors after the completion of the acquisition. Thirdly, on the issue of Hong Kong, I hope you will stand on our side. Thatcher said.
After listening to Margaret Thatcher's conditions, Li Guangyu estimated that the acquisition would end without a hitch. The third demand is obviously impossible for Li Guangyu to agree.
Lee Kwang Woo said, "Your Excellency Prime Minister, I can promise that the headquarters of our automotive group will always be in the UK. After the acquisition of Jaguar, I will not quit the employees of the company as long as they are willing to work for us, and now when our automotive group is officially in need of talent. β
"Regarding your third request, I can't do anything about it, as for the issue of Xiangjiang, this is a negotiation between you and the mainland government, not for me as a small businessman, I only hope that when you negotiate, you can stabilize the economic development of Xiangjiang. 35xsβ
Margaret Thatcher was not surprised by Li Guangyu's answer, the third request was just her incidental, it could be better, it didn't matter if it didn't work, anyway, she didn't have much hope.
Margaret Thatcher said, "Mr. Lee, you are worthy of being a successful businessman and a qualified head of the household. But don't you worry about not being able to get your wish on the Jaguar issue?"
"Your Excellency Prime Minister, if this acquisition of Jaguar cannot be completed because of this, then I will have no choice but to give up. Then look for products that can replace Jaguar, such as Maserati, a subsidiary of the CitroΓ«n Group. Li Guangyu said.
Li Guangyu can only think about it like this, now Jaguar can not reach an acquisition, his Bentley car lacks an engine, it is impossible to buy it from the outside all the time, so in the future in the competition with Rolls-Royce, Bentley will suffer a big loss. Although Maserati, located in Italy, has now become a sub-brand of Citroen, Maserati is not lacking in various departments, especially engine technology, which is not weaker than Jaguar.
Margaret Thatcher said, "Mr. Lee, I am not wrong when I say that you are a qualified businessman, and you will always leave yourself with enough way out. As for the acquisition of Jaguar, our government will agree, and you will negotiate with Jaguar on specific matters. β
Thatcher didn't want to let Lee Guangyu's car group go to Italy because of the third problem. Now that Britain needs foreign investment, the sale of Jaguar can also relieve some of the government's financial pressure. She didn't want the money that should have been earned by England to be taken away by France on the other side because of this. Flash Dance
Li Guangyu was overjoyed when he heard this, and said to Margaret Thatcher, "Your Excellency, thank you so much. Rest assured, I will not let Bentley and Jaguar decline in my hands. β
Originally, Li Guangyu planned to go to the CitroΓ«n headquarters in Paris after talking to Margaret Thatcher. Unexpectedly, Mrs. Thatcher actually agreed to buy Jaguar by herself.
Margaret Thatcher said, "Mr. Lee, I also hope that the delivery of Jaguar to you will continue the success of this car company, and at the same time, I hope that Mr. Lee will increase his investment in our England." β
"Your Excellency Prime Minister, after I spent $2.5 billion to buy Bentley, I already have plans to inject $200 million into it for Bentley's development, and after this acquisition of Jaguar, we will also invest a sum of money, and in the future, we will also build a group building here." β
Thatcher said happily, "Mr. Li, I believe that your investment must be worth the money, and I also wish your automobile group better and better." β
Margaret Thatcher was very satisfied with Li Guangyu's investment, and if the privatization of every state-owned enterprise could bring such investment, the British economy would immediately improve, and she would not have to worry about the British economy.
Lee Kwang Woo said, "With the blessing of His Excellency the Prime Minister, I believe that our automobile group will only get better and better, and this will not be in vain. β
Lee talked with Margaret Thatcher for more than an hour before leaving his office.
After Li Guangyu returned to the hotel, Du Yuemei immediately asked Li Guangyu, "Li Sheng, how did you go to negotiate with Margaret Thatcher, does she agree with our acquisition of Jaguar?"
Li Guangyu looked at Du Yuemei's anxious appearance and said, "Mrs. Thatcher has agreed to our acquisition of Jaguar, and you still need to go to Jaguar headquarters to negotiate with their president." β
Du Yuemei said happily, "Okay Li Sheng, I will rush to the Jaguar headquarters in the afternoon, and I will start negotiations with Jaguar tomorrow to strive to win Jaguar Automobile Company as soon as possible." β
With the nod of the British government, the acquisition of Jaguar will no longer be a problem, now it is mainly a matter of purchase price, and this problem may not be determined in a day or two, unless he Li Guangyu does not care about money.
Li Guangyu said, "Yuemei, when we negotiated with Jaguar, our bottom line was $900 million. Today, Jaguar's market capitalization is only a little more than 700 million, and if the Jaguar Lion opens his mouth, you can go around Paris first, visit Citroen headquarters, and consult about Maserati. β
Du Yuemei knew that the reason why Li Guangyu asked her to go to the Citroen headquarters in Paris was to put pressure on Jaguar. Let them know that the Lee Group does not necessarily have to buy Jaguar, and there are other options besides Jaguar.
Du Yuemei said, "Li Sheng, I know what to do, and I won't let our Bentley Group become the wrongdoer." β
Li Guangyu then said to Zhang Ziyu, "Ziyu, you contact Mr. Gan Qinglin and ask him to negotiate with Sumitomo Bank, and we will borrow $1 billion from Sumitomo Bank with the shares of Xingyu Group." β
"Okay Li Sheng, I'll go and contact Mr. Gan Qinglin. Zhang Ziyu said.
Li Guangyu is really a little short of money now, and he spent more than 2 billion Hong Kong dollars on Bentley's side, which is still the rest of last year's profits after deducting the 5 billion Hong Kong dollars invested in Tianyu, plus 500 million Hong Kong dollars from Xingyu Group, to meet Bentley's investment.
Now to buy Jaguar, the source of funds can only turn to the bank, Li Guangyu is not willing to transfer the funds invested by Tianyu, the funds there are for the acquisition of the two groups of Heung Kong Electric Light and Heung Kong Telephone.
If Lee Kong Woo was just buying Jaguar, he wouldn't need so many loans. You must know that in the first quarter, the profits of Li Guangyu's major groups exceeded 4.5 billion Hong Kong dollars, although some of them were acquired to increase the value of shares, but Xingyu and Xiangyu still provided Li Guangyu with nearly 3 billion Hong Kong dollars in the first quarter.
In particular, the hot sales of Xingyu Group, home game consoles, and Super Mario, Pac-Man, and Street Fighter earned Lee Guangyu more than 1.8 billion Hong Kong dollars.
Li Guangyu does not plan to use too much of the funds there, and the cash is intended to be used in June to acquire the two groups of Heung Kong Electric Light and Heung Kong Telephone.
Li Guangyu then said to Du Yuemei: "When you buy Jaguar, you can promise them that our group will not change the top management of their company, and at the same time, the president of their company will be the vice president of our Bentley Group." β
Li Xuemei knew that Li Guangyu was here to facilitate better negotiations, after all, many senior executives of the group still needed to continue to work in Jaguar.
γ