1015 Defeated UBS Group AG to acquire the global cocoa business

At this time, Chen Hui's phone rang, and it was Sonny Ferggis, the new chairman of Olam International Group, who called.

On the phone, Sonny Ferges said excitedly, "Mr. Chen, the matter has been done! The people of Singapore's sovereign wealth fund have been kicked out of Olam International Group by us!" As soon as he held a press conference, he immediately came to report the situation to Chen Hui.

Now the Singapore sovereign wealth fund's Cole, who often argues with him on the board of directors because of the group's strategic layout, has finally stepped down, and he can finally show his skills in the Olam International Group.

Sonny Ferges has long been unable to stand this incompetent and stupid chairman!

Now he finally kicked that guy out of Orlan International Group, thinking about Cole's incredulous expression, angry and helpless eyes, and then left the conference room in a gloomy way, Sonny Ferges's heart couldn't be happier!

All of this is inseparable from Chen Hui's strong support, otherwise as long as he stays in the Orlan International Group, he will have to endure that Cole's anger!

Chen Hui nodded and said, "Ferggis, very good, you did a good job!" After thinking about it, Chen Hui asked again, "Has that Lin Zhaojie called you?"

Chen Hui learned from his aides that Sonny Ferges was able to continue as CEO because of Lin Zhaojie.

Sonny Forge said frankly: "Mr. Chen, Lin Zhaojie did call me, asked me why, and asked that someone from Singapore's sovereign wealth fund continue to serve as an executive director on the board of directors of Olam International Group!

Chen Hui smiled, "Then you did a good job!"

At this time, Sonny Ferges hesitated for a moment and said, "Mr. Chen, I plan to compete with the Swiss Baile Careb Group for the global cocoa business of Archer Daniels Midland!"

His decision is at odds with Olam International's divestment plan in 2012 after it was hit by a short-seller Muddyaters.

Therefore, it was opposed by the board of directors, and was violently criticized by the former chairman Cole, on the grounds that it would cause the share price of Olam International to fall sharply again!

In fact, earlier in 2013, after the bankrupt Temasek Holdings injected capital into Olam International Group, Olam International Group was reborn, with its share price reaching S$2.60 in early September last year, and then falling to S$1.60 per share with the broader market, and now Olam International Group's share price is now close to S$2, and in the first two months of 2014, the share price still rose by 20%, which is the best performance among the constituents of the Straits Times Index!

So last month, Sonny Ferges retreated and let Olam International Group fully acquire the third largest peanut husking company in the United States for US$176 million (S$220 million)!!

Now with Chen Hui's support, the opportunity to acquire the global cocoa business owned by Archer Daniels Midland is here again!

When Chen Hui heard this, he asked: "Baile Jialibao Group??Its major shareholder is UBS Group??If it is, grab it directly!"

Since it is an industry under UBS Group, it must be robbed! Chen Hui doesn't mind spending more money!

"Yes, Mr. Chen, UBS is its major shareholder!" After thinking about it, Sonny Ferges continued: "Now I need a loan from Standard Chartered Bank! According to the news from our negotiator, the UBS group has already offered a sky-high price of $1.2 billion!!"

UBS Group is the largest shareholder of the Barry Calleb Group, and this time UBS Group is also helping the Barry Callebour Group to bid!

Chen Hui nodded and said, "What about $1.2 billion, you think you can buy it!"

"You can grab it now!"

Sonny Ferges excitedly said, "Yes, Mr. Chen!".

Soon after the phone call with Chen Hui, an executive director of Standard Chartered Bank called him and offered a preferential loan of US$300 million to Olam International Group!

Sonny Ferges immediately said to his assistant: "Tell the people over there in the United States that we will offer a price of $1.3 billion!"

The assistant said, "Yes, chairman!"

···

Soon after, on the other side of the ocean, at the headquarters of Archer Daniels Midland, Ivor Rees said to the representatives of UBS and Baile Jialibao: "Gentlemen, I'm sorry that Olam International Group has offered $1.3 billion!

The faces of the representatives of UBS Group and Baile Jialibao Group were a little heavy, $1.2 billion was the highest price they fired, but they didn't expect Olam International Group to offer a price of $1.3 billion, which was $100 million higher than them!!

Everyone had no choice but to give up!

I can't believe it!

Olam International Group was repelled by them before, but I didn't expect it to jump out again now!

"Damn!!"

"Hell yes!"

"Call the headquarters and ask for the price to be raised to $1.35 billion!"

But soon the headquarters rejected the proposal, and everyone was even more discouraged!

The reason is that it's not worth spending so much cash on them!

Previously, the price was raised all the way to $1.2 billion!

And now it's been repulsed!

The feeling of everyone's hearts is indescribable!

It's like meat that is about to be eaten in your mouth, and it has been robbed!

Feeling sick inside!

···

At 11:30 p.m., Chen Hui left the headquarters of Standard Chartered Investment Bank and returned to Suite 666 of PARKROYAL Pickering, a subsidiary of Caesars Hotel Group.

At this moment, Huang Jieqi was wearing a Xing sense nei suit, waiting for Chen Hui's arrival.

Seeing Chen Hui coming, she immediately got up from the bed and greeted her.

The whole person is extremely Xing, with a sense of innocence!

Looking at it makes people want to put it under the crotch and spur!

So the night of ecstasy has officially begun!

······

At this time, Olam International Group announced a loan of 300 million US dollars from Standard Chartered Bank!

It will also acquire the global cocoa business of American agricultural company Archer Daniels Midland (ADM) for US$1.3 billion (S$1.7 billion).

This is the largest acquisition in the history of Olam International Group.

This acquisition will make it one of the top three cocoa producers in the world!

Sonny Ferges, chairman of Olam International, said the acquisition of ADM's cocoa business was a "transformative opportunity" that would allow Olam International to become an integrated global leader in a market with "attractive growth prospects". ”

ATV Financial Analyst: "Olam International Group is already one of the world's top three coffee and rice traders. It expects the deal to increase its earnings by as much as 30% by 2015!"

Lianhe Zaobao: "This acquisition makes Olam International Group one of the top three cocoa manufacturers in the world, competing with Switzerland's Baile Calibao Group and the American Cargill Group!

UBS Group analysts said: "The management said that the debt ratio of Olam International Group will increase from the current 1.8 times to 2.1 times after the acquisition, but it is not optimistic about Olam International Group at all, but it says that it can be managed, and its earnings will also be greatly impacted! Tomorrow, the stock price of Olam International Group will definitely plummet!"

At this time, the analyst of UBS Group also jumped out in the face!

HSBC analyst: "As a result, Åland International Group has acquired eight cocoa plants in Brazil, Africa, Côte d'Ivoire, Singapore and other places with an annual production capacity of 600,000 tons, as well as brands such as deZaan and UNICAO.

With 5 cocoa processing plants and a global cocoa trading business, plus the business to be purchased from ADM, Olam International Group will be able to compete with the other two cocoa giants in this industry with an annual output of 4 million tons!

Wei Bin, an analyst at Standard Chartered Securities, said: "Olam International Group is quite strong in purchasing cocoa, and after the completion of the acquisition, coupled with ADM's stronger cocoa processing and R&D capabilities, Olam International Group can easily become one of the world's top three cocoa merchants!"

ADM is based on the industry's oversupply and squeezed margins to sell its cocoa business, the cocoa processing business in the past five years has been quite volatile, ADM Group is at least three or four times the size of Olam International Group, and with the size of ADM, it is difficult to manage the volatility of cocoa business profitability Olam International Group can not help but make people doubt. This acquisition is expected to bring additional volatility to Olam International's earnings!"

The British Daily Mail: "UBS's Baile Carebaut Group's plan to acquire Archer's Daniels Midland's global cocoa business has failed!"

Fox News: "Archer Daniels Midland has rejected an offer to buy UBS's Baile Carebaut Group to sell its global cocoa business to Olam International!"

Bloomberg: "UBS's Baile Jialibao Group was repelled by Olam International Group at a sky-high price of $1.3 billion!"

Reuters: "The deep-pocketed UBS Group can't even afford to open a price of $1.3 billion?"

"UBS Group has not responded to this, I don't know if they are short of money?, I heard that they have lost a lot of money recently!"

····

In the middle of the night, Chen Hui ended his expedition against Huang Jieqi, lying on the bed and taking a deep breath, at this moment he was also sweating profusely, Huang Jieqi was no longer awake, it was really cool, so he went to take a shower for himself, and when he came back, he couldn't help but turn on the news, brushed up, and saw that Olam International Group snatched the global cocoa business of Archer Daniels Midland from UBS's Baile Jialibao Group for $1.3 billion!

Chen Hui is very satisfied with this, that is, he can't get along with UBS, even if he loses money!

Immediately, he sent a message to Sonny Ferggis, chairman of Olam International Group!

And then fall asleep.