Chapter 440 Porsche Companies Act

After a series of acquisitions by Mawi, Porsche felt a lot of pressure. Andreas, the chairman of the board, had to send a distress signal to the German government, hoping that the government could intervene in it to a certain extent, and not allow the Russians to invade German enterprises so blatantly.

However, because Ma Wei's operations are all legal, the German government has no way to restrict his investment. The bank can only lend to Porsche, increasing the original loan amount of $13 billion to $14.5 billion.

But the effect can be imagined, it is not enough to stop Ma Wei for more than two days.

"Chairman Mawi, in the past few days, we have spent a total of 5.58 billion euros to successfully acquire nearly 37% of the shares of Porsche. Five days later, the head of the investment team reported the news to Ma Wei.

"Good, keep putting pressure on. It is estimated that the current German government has begun to start the process and is ready to introduce relevant bills...... "At this time, Mavi has returned to Russia. He wasn't going to stay in Germany and be the target of public criticism.

"Introduce relevant bills?" Chairman Ma Wei, are you saying that the German government will step up its intervention?" the head of the investment team asked on the phone.

"Well, so we need to do it faster and try to get full control of Porsche before the bill is introduced. Ma Wei said lightly on the phone.

According to past memories, in 2008, when Porsche was about to complete its acquisition of Volkswagen, the German government introduced a draft revision of the Volkswagen Company Act, referred to as the Volkswagen Law.

One of the main regulations is that shareholders who own 20 percent of Volkswagen's shares have a veto on any major decision. This means that unless Porsche owns Volkswagen with 80.1 percent. Otherwise, any decision he makes, someone will come out and speak against it. And that person is the chairman of Volkswagen.

So Mavi can't give the German government too much time, otherwise their Ministry of Justice will definitely introduce a similar bill to prevent him from taking full control of Porsche.

Similar to Mavi's speculation, the German judiciary is indeed in the process of drafting the Porsche Company Act. Don't let your famous car companies fall into the hands of evil capitalists like Ma Wei.

The bill clearly mentions that major decisions of the company must be approved by a specified majority of 80% + 1 share at the general meeting of shareholders, and that the closure or relocation of the factory must be approved by the employee representatives of the company's supervisory board......

A top 3 economy in the world actually killed a Russian group that was established less than 4 years ago. The introduction of such a bill that is not in line with the EU guidelines on the free movement of capital. It's so humiliating......

A month and a half later, Volkswagen, which was originally overwhelmed, was greatly relieved. It's out of danger and doesn't need to worry about the company's cash flow being controlled.

Because Porsche, under the strong offensive of the Mavi Group, was forced to sell 10% of Volkswagen's shares to maintain the basic operation of its own enterprise.

The evil Mavi Group has successively invested nearly 10 billion euros to acquire 63.5% of the shares of Porsche. Became the largest shareholder of Porsche.

This wonderful battle in the history of car companies is quite thrilling, so that countless people who eat melons have been discussing with each other happily.

This makes the names of Ma V Group, Volkswagen of Germany, and Porsche of Germany have been on the hot search list of major search engines.

Ma Wei, chairman of Ma V Group, spent 10 billion euros in just two months to acquire 63% of the shares of Porsche! This acquisition war is really good. Sure enough, if you have money, you are the master!"

"Poor Porsche, I guess the executives are crying and fainting in the toilet. With a stake of 3.6%, it would have been possible to control the flow of funds from the public. It's good now, it's a horse bite gold halfway, but now it's wilting directly, and it's difficult for even the German government to save the city. ”

"This is the most awesome acquisition battle in the history of automobiles, and it is really exciting. I just don't know what the final result will be, and I personally hope that the Mavi Group will win. ”

……

Just when the media and people all over the world are concerned about the acquisition of Porsche by the Mavi Group. The German judiciary has introduced a bill called the Porsche Corporation Act to protect Porsche from being fully acquired by other companies.

As soon as the bill was announced and came into force, it immediately caused an uproar in the entire European region!

"Chairman Ma Wei, the German government has introduced the Porsche Act, what should we do now?" However, he recalled that more than a month ago, his big boss had said that relevant bills would be introduced. So I wasn't too worried in my heart, knowing that the big boss should have a way to solve it.

"It's all up to the level of national justice, and that's not something we can solve. "Truth be told, there is no good solution for Mavi either. At most, there is an international protest against this rogue practice of the German government, which has seriously affected the so-called freedom of trade and capital in the EU.

However, before the Mavi group could issue a statement of protest, the Russian government, the Ukrainian government, and the British government began to protest harshly against Germany's extreme practices.

"Yesterday, the German Ministry of Justice introduced the Porsche Company Act, which seriously violates the principles of freedom of trade and capital. This behavior can be described as a very shameful, very scoundrel ......," the Ukrainian diplomat said in front of journalists.

"We, the Russian Government, strongly condemn the outrageous actions of the German Government. If all countries use brutal legal means to achieve their own goals in trade, then the entire trade system will be completely chaotic. In the interest of fairness, the Russian government is also about to introduce a response bill to restrict German companies in Russia. ”

Compared with Porsche's acquisition of Volkswagen in the previous life, it was just a nest of German car companies. To put it bluntly, it does not involve other countries. So no one else can take care of it.

However, in this life, the German Ministry of Justice's "Porsche Company Law" directly affects the interests of the Russian Ma V Group. This old hairy man must not be able to sit still first!

Originally, the country was in the midst of economic development, and there has been no improvement. In the past three years, thanks to the Mawei Group, there have been some changes, at least the entire social environment and economic system are developing in a better direction.

It is good that the German government still dares to draw up justice, especially against Russian companies. You must know that the Mavi Group has invested 10 billion euros. No country will sit idly by and ignore such a huge amount.

(End of chapter)