Chapter 446: The assets belong to me, and the debts belong to you
Taishi International sat down with Ferretti Group to negotiate again, and a room full of people was there, and Shi Lei looked speechless. In this case, shouldn't the two big boos finish talking, and their little brothers will talk about the details again, why is it a group battle as soon as it comes up.
Ignoring the quarrel of the younger brothers over there, Shi Lei still sat next to Shi Xitong and watched Shi Xitong negotiate with Amor.
"Well, this is our acquisition plan, Mr. Amor take a look." Shi Xitong handed a copy of the text to Amor.
When Amor took it, he began to regret it. Shi Xitong had prepared a new negotiation plan, and he did not give up on the acquisition of their Ferretti Group at all. Now that the initiative is in the hands of the other side, it seems that this negotiation will be more difficult than imagined.
After less than a minute of reading, Amor slapped Wen Jiàn on the table with a snap.
"What does Mr. Shi mean by this, we talked about it well two days ago, I thought your company was very sincere, but now, I can't see your sincerity at all!"
It turned out that yesterday Shi Xitong discussed with his subordinates for a long time, and proposed a plan that made Amor jump when he saw it. The core of the plan is only eight words: the assets belong to me, and the debts belong to you.
Ferretti Group now has a debt of almost 700 million euros, and even if some of them owe to the banks and can go bankrupt and give them away, why not give them what they owe to their parent company? What they sold Ferretti Group for, and not to recover the money. Now that you have thrown all this debt to us, what money can we make?
Amor was furious, Shi Xitong was simply too deceitful, where did he put forward such a condition? No company would agree to such a condition.
Shi Xitong smiled: "Mr. Amor, the conditions are negotiable, let's put them forward." If you are not satisfied with anything, you can also mention it. ”
"This, this, and this, this, we don't agree to these conditions. You want to buy Ferretti Group. to take on the debts of Ferretti Group. I have learned about your Taishi International, and I am very experienced in asset restructuring and debt restructuring, and I will definitely not suffer losses. But don't take our Ferretti Group people for fools, these debts are one with Ferretti, you want them or you don't want them! Amor said, patting the table.
Shi Xitong said unhurriedly: "Maybe we can adopt a compromise plan, such as the debt we share together, how about it?" ”
"Debt sharing? What do you mean? Amor looked at Shi Xi deeply.
"Mr. Amor, I think we can go to a quiet place. Talk slowly, it's too noisy here. Shi Lei looked around and said.
Amor glanced at it, this conference room is very large, although there are many people, but except for the two of them who can speak loudly, the others are not loud, Shi Xitong means that he should want to say something that will not be heard by others.
Amor nodded. I asked my assistant to prepare a small conference room. And when Shi Xitong walked in with Shi Lei, Amor frowned. Why do you still have an assistant?
"This is my son, take him to study." Shi Xitong introduced.
Amor suddenly realized that the way Orientals raise their children is really different from them. When my son is older, he should have his own career, why do you still have it with him? Besides, this kid doesn't seem to know English. I also have a translator in my ear. It would be nice if this kid was in charge of the negotiations, he promised to set multiple traps for him and make Taishi International spend a lot of unjust money.
"Mr. Amor, what debts do you want us to bear, and which debts do you bear?" Shi Xitong asked.
Amor hesitated. On Wen Jiàn, he pointed a few debts with his fingers, pointed at Shi Xitong, and then left two debts, and he pointed at himself.
Of the nearly 700 million in debt, Taishi International has to bear nearly 500 million of them, all of which is owed to the parent company of Ferretti Group. The money owed to the bank, they keep it for themselves.
Hmph, it's better to settle the bank's debts, it's a big deal not to take out a loan in the future, or just change the bank to take a loan, Amor is so careful.
Shi Lei leaned into Shi Xitong's ear and whispered: "Dad, ask him directly how much he is willing to sell Ferretti Group." ”
Shi Xitong glanced at Shi Lei in surprise, and actually asked this sentence.
Amor looked at Shi Lei curiously, can this kid actually influence Shi Xitong's decision-making? Isn't Shi Xitong the son of the chairman of Taishi International, does the chairman prefer this grandson?
"600 million euros, you take on the debt of 500 million."
The parent company needs at least 500 million euros to alleviate it, otherwise the business of tractors and heavy machinery will not be able to carry out smoothly. Ferretti Group, now with such a heavy debt, is very satisfied that it can be sold for 550 million euros.
Shi Lei leaned into Shi Xitong's ear again: "Ferretti needs 500 million euros to save their tractor and heavy machinery business, and their goal should be to sell Ferretti for 550 million euros." ”
This can also be judged by guò expressions? Shi Xitong and his team judged that Ferretti Group needed 300 million euros to alleviate its financial difficulties, while Ferretti Group should sell at least 580 million euros and ask them to take on all their debts.
Now that he has negotiated and has taken away part of the debt, it is said that the price should not fall again, how can Shi Lei analyze it, and Ferretti Group can still reduce the price?
"Mr. Amor, the price you ask for is too high, so much money, our company can't come up with it. Even if we could take it out, we wouldn't buy it. Ferretti Group's debt ratio is too high, and although the brand value is still there, it is no longer worth the effort. When we buy Ferretti Group, how long will it take to pay off our debts and when will we be truly profitable? ”
"How can Etherstone International's funds not come up with a mere 600 million euros? Add to this the fact that Ferretti Group is still Europe's number one yacht design and manufacturing company, and that it has some of the world's leading design know-how, which is where Ferretti Group's values lie. If there is a new injection of money, Ferretti Group will soon be able to turn a profit, I think three years will be enough for you to pay off your debts. ”
"Really? Three years? How about we change the plan, how about the acquisition as capital injection? Of course, you have to promise that if I want to recover my investment within five years, I will use the assets of your parent company as security. ”
Hearing that Shi Xitong casually changed another plan, Amor almost died of anger. You change a plan a day, how can we talk about it? This is a big deal of hundreds of millions of euros, not a small business of millions of euros, are you Taishi International joking with me?
Shi Lei's heart suddenly moved, and he leaned into Shi Xitong's ear and whispered: "Dad, do you remember helping me acquire Zhang Ruiqiang's shares of Wufang Group?" ”
Shi Xitong's eyes lit up: "You mean, give them a loan, and then bring the price down?" ”
Shi Lei nodded. Amor clearly wanted to use the money to save their company's other businesses, but Ferretti Group was really not worth that much anymore. But without this money, the rest of their company's business would not be able to survive. If the negotiations continue to be deadlocked, it will not be good for both sides.
The longer Ferretti Group drags on, the more debts will be, and Shi Xitong has dragged on for too long, maybe Ludong Heavy Industries will turn around and find someone else.
Now Taishi International knows that Ferretti Group is in a hurry, and Ferretti Group does not know that Taishi International is also eager to buy Ferretti Group, so the initiative is still in the hands of Taishi International.
"Mr. Shi, I don't see any sincerity in you, I think today's negotiation can end here, and we will make an appointment next time." Amor stood up, he must not back down, Ferretti Group, must be sold for more than 500 million in order to save the rest of their parent company's business, otherwise they will wait for the parent company and follow in the footsteps of Ferretti.
"Wait a minute, Amor, I suddenly thought of a win-win solution, would you like to sit down and listen?" Shi Xitong smiled and waved his hand, so that Amor could not be impatient.
Amor sat back down and took a sip of his coffee. He wanted to see what ridiculous plan this Shi Xitong would come up with.
"Mr. Amor, as far as I know, your company's tractor and heavy machinery business has no funds to continue to develop, right? I've done the math for you, and it's going to take about 500 million euros to get these two businesses to work perfectly, am I right? ”
Amor sat up straight suddenly, and for the first time, his expressionless face showed an expression of surprise. This is the company's secret, how would he know? Except for the core personnel of the company, no one can know. Who in the company is a traitor, and for what is the betrayal of the company?
Shi Xitong saw Amor's expression, even if he didn't know how to understand his heart, he could see that he was right. Bringing Shi Lei here this time is really a correct decision, Shi Lei's news has brought him a lot of help in negotiations.
"Mr. Amor, my new plan is still for us to share the debts of Ferretti Group, but to redivide it. I'll pay 300 million euros to buy Ferretti and give you a low-interest loan of 200 million euros for three years, which is enough to help your company tide over the difficulties. ”
Amor was stunned, he didn't expect Shi Xitong to propose this kind of plan. A low-interest loan of 200 million euros is very important for their company. But 300 million euros to buy Ferretti Group, it's absolutely impossible! Ferretti Group is down, but it's not so cheap!
"Three hundred million euros is too low, at least four and a half million!" Amor pondered for a moment and said.
Shi Xitong smiled, since Amor agreed to this plan, it would be much easier. He turned his head to look at Shi Lei, revealing an approving gaze. (To be continued......)
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