Hear out.

Peter's brow furrowed slightly, he had also heard a little about the Kuwait Investment Authority's crazy premium acquisition of shares. What Salim means now is that if he wants to reclaim their shares, he will have to buy them at a premium, or at least not at a loss...... However, the high premium buyback could not be approved by the board of directors of BP oil company at all.

Taking a step back, even if the decision to buy back can be made at a premium, BP has so much money. The funds they used to buy back shares were the two billion dollars of investment they received from Tang Bao, and the total amount of money was so much, and if the price increased, the number of shares repurchased would be much lower, and the expected effect could not be achieved. At that time, more stocks will flow into the market, and stock prices will come under pressure.

Peter offered to buy it back privately.

There are two main purposes, one is to increase equity and strengthen control over the company. The other is a private equity transfer, which can reduce the number of shares flowing into the market, and the pressure on the stock price to fall will also be reduced.

But.

If Salim's premium offer were accepted, the effect of both purposes would be severely diminished or even unhelpful.

Other than that.

The six-month deadline set by Peter is also based on the premise that he can successfully repurchase 3.5% of the shares, if this target is not reached, the Kuwait Investment Authority will sell more shares, and the intensive sell-off in a short period of time is tantamount to a disaster for the British BP oil company!

I thought about it for a moment.

Peter realized that if there was a "surprise" in the buyback share price, everything he had set up would be disrupted.

"Whew...... Mr. Salim, the price you are asking for to buy back shares at a premium is simply unrealistic! Peter shook his head and refused Salim's request.

Although Peter felt that the price of BP oil shares in the UK was ridiculously low and that it would be worth a premium, he would never give a premium.

A premium buyout occurs when a stock is extremely bullish on its potential or market rarity. However, BP shares are not rare in the market and are not favored by investors. A premium acquisition is completely unnecessary. It's also the group of fools from the Kuwait Investment Authority, crazy to buy at a premium.

Right now.

They have to face the harsh reality that the Kuwait Investment Authority has to reduce its stock holdings or face further complications.

In the coming period, the shares of BP oil company in the market will become more flooded, and even the share price will fall further.

In that case, why would he go for a premium purchase? Peter thought to himself, I didn't buy it at a lower price, and I was already right.

Premium?

What a naïve idea.

"Hmm. Mr. Salim, you have to understand. Since it is a business investment, it will face a variety of risks, and not every investment can be guaranteed to be profitable. The Kuwait Investment Authority's acquisition of shares in BP in the United Kingdom, regardless of market rules, is a mistake on your part and it makes no sense that you are trying to shift the cost of such a mistake to us. Peter continued.

Hear the words.

The anger in Salim's heart rushed straight up, and he wanted to slap Peter to death, Peter's idea was simply bandit logic.

Secret hatred, if it weren't for your secret ghosts. And how did the Kuwait Investment Authority incur these losses?

As if he didn't notice the angry fire burning in Salim's eyes, Peter still smiled and said: "In recent days, the stock price of BP Oil in the UK has been around $50. I think it's a very 'attractive' price! Choose to accept this price, for you. It doesn't hurt...... When the news of the Kuwait Investment Authority's massive reduction of shares reaches the market, the stock price will be lower. At that time, your losses will be further magnified. Isn't it? ”

"Mr. Peter......" Salim's voice was much lower, and his face was angry. He had tried his best to endure it, but he still couldn't contain his anger.

Hatred in my heart.

"It's really too deceitful, even if it's a bigger loss. I can't let you get your wish! ”

With that in mind.

Salim suddenly became a little more comfortable, looking at Peter, who was smug on his face, a disdainful smile couldn't help but rise on the corner of his mouth, thinking that you thought that the Kuwait Investment Authority would accept your "robbery" in order to avoid expanding losses. But we are not as good as you want, and it is a big deal to lose both! Kuwait is rich in oil resources, and it can be earned back by exploiting an oil field casually, and it doesn't care about losing this little money.

"Have you thought about it, Mr. Salim?" Peter asked.

"Hey, hey. Figured it out! ”

Salim chuckled, then stared at Peter playfully, and said slowly, "We will order the Kuwait Investment Authority to sell the stock as soon as possible...... As for BP Oil, if it wants to buy back its share price at the market price, then increase its holdings directly from the market. ”

"Huh?"

After listening to Salim's words, Peter immediately realized that something was wrong. He solemnly reminded, "Mr. Salim, you are not doing you any good by doing this. ”

Salim didn't answer.

"But doing so can cause you more trouble." Salim thought to himself.

"Whew......" looked at Salim with a calm expression, and Peter tried to keep himself calm, knowing that his and Sir Middleton's toughness tonight might be very upset for Salim. At this point, Salim may have preferred to lose more than to make BP better. No way...... Kuwait has dollars, they don't care about these losses, they can withstand the toss, but the British BP oil company does not have this capital.

That's it.

Peter softened his tone and said with a smile on his face: "Mr. Salim, even if the Kuwait Investment Authority reduces its shareholding, it will be one of the major shareholders of BP Oil in the United Kingdom. The stock price has plummeted, and it is not good for you. Well, now. Everybody sit down and have a good talk......"

"Isn't it all agreed? We will reduce your holdings as you wish! Salim saw Peter lower his body, and his heart was filled with joy.

See here.

Peter turned to Sir Middleton, who was sitting next to him, hoping he would come out and clear the way.

Pity......

Sir Middleton still sat there calmly, enjoying his cigar...... There does not seem to be any willingness to meddle in the negotiations.

Call......

Middleton puffed out the smoke ring, pretending not to see Peter's eyes asking for help. All he had to do was make sure that the Kuwait Investment Authority could not threaten a controlling stake in Britain's BP oil company, and that he would not meddle in the commercial negotiations involved. Otherwise, it may be counterproductive...... Salim's anomaly is the best proof of this.

In fact.

If Peter had had negotiated in a different way, he might not have had this problem.

But Sir Middleton was also aware that Peter had long been hostile to the Kuwait Investment Authority. With the support of the government, it is normal to be tough.

Seeing that Sir Middleton had made his attitude clear, he didn't want to intervene again.

Peter was helpless.

Then.

Peter's tone softened a lot again, looked at Salim, and said, "Mr. Salim, tell me, how do you want to cooperate." ”

“……”

Seeing Peter's attitude soften, Salim suddenly hesitated, losing both sides was a forced choice, if there could be a better solution. To recover the losses of the Kuwait Investment Authority, he naturally did not want to completely tear his face with Peter. As Peter said, even if the Kuwait Investment Authority reduces its stake, it is still a major shareholder in the British company BP Oil. In the future, Kuwait and the British BP oil company will also carry out various cooperation, and it is certainly not a wise choice to completely fall out with the other party at this time.

Therefore.

Peter's tone softened, and Salim made his way down the steps.

"Hmm. Mr. Peter, the price of shares recovered by BP from the Kuwait Investment Authority (KIA) can be traded at market prices. But. In return, the UK would have to delay the reduction of its holdings by the Kuwait Investment Authority. To be fair, it is important for us to extend the period of reduction. But it is also good for the British BP oil company. This can effectively guarantee the stability of the share price of BP Oil in the UK! Salim demanded.

As far as he knew, BP had limited funds, and even if it did buy back shares, it would only recover a small number of shares from the Kuwait Investment Authority. And they were forced to reduce their holdings of local stocks. The vast majority of them still have to be put into market trading, and the reduction will be completed within three months...... This is tantamount to a sell-off and will definitely drive down the stock price.

That's the biggest loss.

Salim wants to buy more time. to operate the market and mitigate losses. He has just shown that he wants to "die" with BP Oil Company in the United Kingdom, and he also wants to force Peter and Sir Middleton to consider his appeal carefully, because he understands that they are more afraid of the collapse of BP Oil Company than the Kuwait Investment Authority!

"How much time do you need?"

Seeing the madness in Salim's bones, Peter did not dare to continue to ignore Salim's request. They expect to minimize the threat to the Kuwait Investment Authority as soon as possible, but there is also a precondition for the stability of the British BP oil company.

"Three years!"

Salim said with three fingers. I secretly thought that with a three-year buffer, the stock of BP oil company in the United Kingdom should have a good rise, which would not only avoid losses, but also make a small profit.

"Three years?"

Peter frowned.

"Heh, Mr. Peter. You have to understand that intensive stock shedding is a disaster for both of us. We need to have enough time to buffer. Of course...... I am also aware of your concerns that the Kuwait Investment Authority's equity is a threat to the controlling position of BP Oil. To this end, I came up with a solution. "Three years is a long time, and Salim knows it will be difficult for Peter and Sir Middleton to accept. However, he dared to bring it up, naturally with the confidence to persuade Peter and Sir Middleton to accept it.

"Oh? What's the solution? Peter asked.

At this time.

Sir Middleton, who was enjoying a cigar, also looked at Salim.

"Now. The Kuwait Investment Authority holds a 25.93 per cent stake in BP Oil, excluding the 3.5 per cent stake that BP wants to buy back and the 10 per cent stake that the Kuwait Investment Authority has the right to retain. In other words, we need to sell 12.43% of the equity. Salim said after a brief calculation.

"Not bad."

Peter nodded and replied.

"My approach is that the 12.43 per cent of the shares will be lent to Mr. Peter free of charge by the Kuwait Investment Authority since the relinquishment of its voting rights before it is sold. As a result, Kuwait's voting power would be limited to 10 per cent, while the voting power of the British oil company BP would be greatly strengthened. With that, Salim looked at Peter and Sir Middleton, waiting for a response. That was the best way he could think of to reduce the losses of the Kuwait Investment Authority, and it was the most likely to be accepted.

Peter's gaze turned to Sir Middleton, asking for his opinion. He was impressed by Salim's suggestion, but he had to ask Sir Middleton for advice. Because Sir Middleton intervenes on behalf of the government, it is not just about commercial interests, it is more about it. He couldn't leave Sir Middleton behind and make a deal with Salim alone......

"Three years is a long time."

Sir Middleton's voice rang out slightly hoarsely.

Hear the words.

Salim's heart suddenly lifted, and he said in a loud voice: "Sir Middleton, this is a win-win cooperation...... We just want to buy some time. (To be continued......)