Chapter 130: The Difference
If it's a newcomer, it may not be audible, but Fedward's words also reveal the message that he has been given some level of authorization to negotiate with Jonas on behalf of some prospective clients.
But Jonas was a newcomer with a soul of nearly forty years old, and he naturally understood the meaning of Feverd's words.
"I heard good news when I first arrived in London, and I hope our negotiations will go as smoothly as they began. ”
It would not surprise Jonas that Fedward was the face of the negotiations, and he was the most suitable person to act as the intermediary.
If those who want to buy Yannick shares come to talk to Jonas one by one, not only will it be troublesome, but the negotiations will also be difficult because of the lack of a yardstick.
He does not involve interests on either side, gives a fair price, and neither side will be too out of line whether it is a loss or an advantage.
Fedward laughed and said, "Mr. Ritchie and Mr. Green are very concerned about the ownership of Yannick's assets, and in principle, this will be absorbed within the group and will not make you suffer. ”
Jonas asked, "So, you should have a list here, right?"
Fedward nodded, took out two double-folded A4 sheets of paper from the inside pocket of his suit, spread them out and handed them to Jonas.
"There are most of the international projects invested by Yannick here, and although the specific valuation is not yet over, you should be able to give some intentions on your side. ”
"Of course. Jonas pulled out the gold pen that DeHertz had given him from his shirt pocket and looked at the list carefully.
Almost all of the assets on the list are being acquired, including a five-story private home that Yannick personally purchased in Mayfair Square, diagonally opposite the U.S. Embassy.
The house cost Yannick £1.6 million and was renovated with almost a million.
It was originally purchased by Yannick to be his and Catherine's love nest, but now Catherine doesn't want the house, and Jonas doesn't want it.
Although Mayfair is one of the most exclusive residential areas in London, Jonas would only choose Kensington Palace Garden Street if he were to buy a house in London.
Because of its irreplaceability, the house there became the street with the highest value added in London in the future, and a house was worth tens of millions of pounds.
However, at least for a short time, Jonas had no idea of buying a house.
His home is right in the most scenic part of the world, with unbeatable views. At home, he lives in the scenery, which also makes him prefer to stay at home.
If you go out, you also like to stay in a lively place and enjoy the bustle of the city.
Therefore, choosing to stay in a hotel is more comfortable for him than buying an ancient castle.
Jonas's pen used a tick, circle, and cross on the list to represent his intentions, and soon marked the two-page list with three options for sale, hesitating, not selling.
The criterion of the option is whether the asset is long-term, profitable, and useful to the Hoffman family's reputation and influence in the industry.
Some projects look good and have stable returns, however, there are so many projects for Jonas that they make money that the low-return yields are not at all attractive.
For example, Yannick invested 3 million in coffee plantations in Africa, they have spent a lot of money to get all the relationships done, and now the coffee trees have been planted, and after two years, there will be a stable income every year.
But for Jonas, by the end of the eighties, there would be a civil war, and in the early nineties, the warlord government was overthrown, so the investment was not secure.
This is also the property he insisted on selling, for which he argued with Hannah for a few days before convincing his grandmother.
After seeing the marks made by Jonas on the list and understanding the meaning of the marks, Fedward also studied them carefully.
"Your father's wedding room is also ready to be shot?"
"It's just a sad place for us, if the price is right, consider making a shot. ”
"The oil development project in Mosul, I personally think it is very promising, and we have already done it with the Babylonian authorities, and even the Kurds recognize our rights there. ”
"Uncle Feverd, for at least four years, we at Hoffmann will not be involved in the energy industry, especially in the primary market. ”
The primary market includes oil exploration, extraction, transportation, and sales. The secondary market is an auxiliary to the primary market, that is, futures, futures indexes, and financial operations, and is not ready to be completely withdrawn.
Fayward frowned and said, "Your father's equity in this is not high, and this part of the asset is the best asset in my opinion." ”
"The amount of money taken up is too large, and my grandmother and I both agree to cash out this part of the assets and pay off my father's loan in the bank. Or transfer the debt, the Hoffman family doesn't have a full-fledged entrepreneur right now, and we have to control the risk. ”
Yannick has been involved in almost all oil investment projects, including oil development technical services, oil transportation, port construction, etc.
This part of the assets is also the most expensive piece of money, as long as he withdraws from this part, he can pay off all the $300 million he owes to the commercial bank.
Jonas and Grandma have the same idea on this issue, which is to pay off the debt first and keep the money in their hands.
Fedward continued to look down and said: "I didn't approve of your father's investment in Arsenal at the beginning, it took 4 million pounds to get 30% of Arsenal's shares, and the interest in Highbury Stadium is only 12%. This part of the asset is the most difficult to sell, and now someone wants to buy it, why don't you sell it?"
Jonas didn't want to talk to him about what Arsenal could expect in the future, because in this day and age, football clubs have very little money to earn, and most clubs have been losing money.
Arsenal is worth a lot because Highbury Field belongs to the club, otherwise, the current four million pounds, almost nearly ten million dollars, would be enough to buy an NBA team.
A few years ago, the Clippers only sold for $15 million, and 14 years later, in 97, the Knicks, worth $40 billion, sold for $40 million.
In terms of income, investing in Arsenal is certainly not a good investment, but Yannick did not buy this part of the shares for the purpose of making money.
Arsenal is the only football club in London that is owned by a number of aristocrats, and becoming a shareholder of Arsenal represents a ticket to the upper class of England.
Jonas said: "Uncle Fward, my dad didn't buy Arsenal shares to make money. ”
"I see. "Fedward is not stupid, as soon as Jonas said it, he knew that although the Hoffman family is temporarily out of most of the business now, it does not mean that it will not make a comeback in the future.
Keeping a stake in Arsenal and later developing in the UK, those natural allies will still leave the door open to the Hoffmans.
Of course, in fact, Jonas did not think about exiting completely, at least in the secondary market, not completely.
Because now Hoffmann Bank is not without foundations, Wolf is now an asset management specialist in investment banking, and his working relationship is still with private banking.
Moreover, there is also Bennett on the British side, and from the staff working in the investment bank of the private bank, Jonas already knows his abilities and the reality of his exclusion.
Jonas is ready to keep him and continue to toss in the futures market, even if he doesn't make much money, he can cultivate a private team belonging to the Hoffman family.
Of course, this question does not need to be told to Fedward now, even Bennett's side, Jonas is still observing.
Osberg walked into the café with a few of his subordinates, and said happily from a distance: "Jonas, you are finally here." ”
Jonas stood up with a smile, gave Osberg a hug, and said intimately, "Uncle Osberg, you have worked hard. ”
"It's not hard, it's just work. ”
Fedward also stood up, looked at his watch, and said, "Jonas, Osberg, you must have a lot to talk about, I will take my leave, and in an hour we will meet at the French restaurant opposite the hotel." ”
"Wait a minute, I'd like to follow your list and let Osberg remember it as well. ”
"Of course that's fine. ”
The list of Osberg is also here, in fact, the assets left by Yannick, if you just look at the project, there are less than a hundred, and it is easy to count them.
The difficulty is to value each asset and then hand it over in what way, which is why so many of them come to Osberg to audit.
There was not much difference between the two lists, and Osberg marked each asset on his list in three minutes.
After Feyward left, Jonas said, "Uncle Osberg, let's go back to our room and talk." ”
He laughed and said, "That's exactly what I mean." ”
Osberg also lived in a suite, with a reception room outside, which was not small.
The bank security guard pulled out an electronic jammer and placed it between Jonas and several of the key auditors, and began to talk.
There wasn't a lot of time, and Jonas made a long story short and told him about his decision and that of his grandmother.
"Basically, we are interested in selling projects that are easy to turn into cash, as well as those large-scale investment projects abroad. The proceeds from the sale are first returned to the bank loan, and the rest is transferred back to Switzerland for temporary investment in a private bank.
However, we will set aside a sum of money in the futures market to cultivate an investment team that belongs entirely to us. In addition, the investment bank headquarters building in Zurich will be transferred to the energy group if they are willing to take over, and if they do not bid highly, they will remain in our Hoffmann investment bank. ”
Osberg asked, "So you're going to completely separate the relationship between Hoffmann's investment bank and the energy group?"
Jonas nodded and said, "At least for now, I am not qualified to participate in the project of the energy group, so it is better to quit completely." ”
Osberg nodded and said, "I understand the focus of the subsequent negotiations." Don't worry, I'll sell your dad's legacy for a good price. ”