"Hello Mr. Merckler, I'm Ludwig Murkler, the lender representative of the head office of Hauke Bank in Berlin. Heine, this is my colleague Werner. Bach, I'm sure you're familiar with it! ”

At the headquarters of VEM Investments in Baden-Württem, Germany, after three consecutive days of appointments, Ludwig from Berlin. Heine finally met Adolf. Merkler.

After becoming aware of VEM Holding's short selling on the Volkswagen Group, as well as the conspiracy on the part of Porsche, Werner. Bach immediately realized that something was wrong, and almost immediately contacted Berlin, and on Monday he was called to Berlin for questioning. As soon as the management of Hawker Bank realized the seriousness of the problem, they immediately appointed Ludwig Brown. Heine and Werner. Bach travelled to Baden-Württemberg to resolve the problems of the VEM holding group.

Despite their impatience, in Adolf. Merkler's deliberate prevarication meant that they didn't get a chance to meet the debtor until Thursday.

"The stock price has fallen, is that good news?"

Adolph. Merkle stared blankly at the computer screen in front of her, nodded absentmindedly, and muttered something quietly. The next moment he reacted, quickly stood up, and stretched out his hand towards the two, "Hello, may I ask who you are?" ”

"Ludwig. Heine, from Berlin! ”

A flash of discontent swept over Adolf. Merkler's face, only too fast, plus a little absent-minded, Adolf. Merkeler didn't notice it, but felt that the tone of the other party's speech was a little strange.

"It turned out to be a credit officer at Hawker Bank, and I'm really sorry for the disappointment. I don't know what the two of you are doing this time? "Adolf. Merkle swept Werner. Bach glanced at it, already knowing in his heart the other party's intentions, but still asked knowingly.

"Our intentions have been made clear in the process of communicating with the secretary!" Ludwig. Heine was dissatisfied. But he still maintained the superficial politeness, "But if your secretary didn't communicate with you in time, we'll say the same here." We are here for the previous loan. ”

"Oh, I see, I see!"

Adolph. Merkler put on a look of abruptness. patted his head one after another, "My secretary has already reported to me about what you said, but I've been busy and forgot." I'm sorry, but what I don't understand is that about that loan, I'm not already with Werner. Has Mr. Bach negotiated? Not only does this loan not need to be repaid immediately, but it has also been extended for half a year? ”

"That's ......"

Warner. Bach was embarrassed. Quickly stood up and argued. But before he could say a few words, he was arrested by Ludwig. Heine interrupted stiffly.

"Mr. Merkler, I guess you don't know yet, in Werner. When Bach's request was sent to the head office, we rejected it outright after a detailed due diligence and risk assessment. "Ludwig. "And through the risk assessment, we determined that the loan was quite risky. Far beyond what we can afford. In addition, you have violated our agreement and used this loan for other purposes. In accordance with the terms of the agreement, we decided to take back the loan early. ”

"Early repayment of this loan?" Adolph. Merkler's face did not change, and he snorted twice, quite disapprovingly, "Breaking the agreement? Very risky? I don't know how your bank evaluates it, but I don't think there is a problem with our risk control and operations. So far, it's all your words, and it's hard to be convinced. ”

"Want to be convincing? It's simple! ”

Facing Adolf. Merkler's rogue trick, Ludwig. Heine was not timid at all, but instead showed an aggressive posture, "According to what you disclosed to Werner. Bach's papers. Clearly show that you are using this loan to short the shares of Volkswagen Group. In other words, you are not using the funds for business management, but investing in high-risk securities. Judging from the soaring stock price of Volkswagen Group in the past two days, your position in Volkswagen Group has already exploded, and you even owe a lot of debt. Mr. Merkler, am I right? ”

Adolph. Merkler's face changed dramatically, her lips pursed for a long time, and she still didn't say a word.

"Based on our calculations based on yesterday's settlement price, your position in the Volkswagen Group has been completely liquidated, and you also owe a large debt to the broker, estimated at around 2.24 billion euros. In addition to this part of the debt, VEM Holding Group originally owed more than 1 billion euros of debt due to the unfavorable acquisition of Heisenberg Cement. Combined, the entire VEM Holding has a debt of more than 3 billion euros. ”

Ludwig. Heine said with a blank face, "Although I believe that based on your current stock price and assets, VEM Holding Group and its companies will have no problem paying off these debts. But the problem is that if this news leaks out, the problems of stopping loans, coming to collect debts, falling stock prices, and drying up cash are far from what we can afford at Hawk Bank. So I'm very sorry that we're here today to negotiate with you about early repayment. ”

Although Ludwig. Heine only assumed certain circumstances, but Adolf. Merkle couldn't hear the threat, and his face changed even more, and he smiled reluctantly, and said with some begging for mercy: "Mr. Heine, you won't do this, will you?" ”

"It's not up to me, it's up to you!" Ludwig. Heine said coldly, but the next moment he relaxed his tone, "We have no obligation to keep VEM confidential. But then again, if we can get out in time, this matter has nothing to do with us at all! ”

The implication was that as long as VEM Holding was able to repay the loan early, Hawker Bank would not have publicized the financial crisis of VEM Holding and its subsidiaries.

"Early repayment? What about the interest aspect? "Adolf. Merkle immediately retorted, "You must know that within the scope of the contract, the interest on the early repayment of the loan can be fully waived." ”

In order to attract such a large customer as VEM Holding, the Hawker branch in Baden-Württemberg did everything possible to get to the other side and even signed such a loan agreement.

Ludwig. Heine glared at Werner dissatisfied. Bach glanced at it, and then said quickly: "We don't want this part of the interest." After all, compared to the principal. It's really nothing. ”

Adolph. The corners of Merkler's mouth were crooked, her eyes rolled slightly, and she came up with another trick, "It's better to do this, if you are still not at ease, I can use VEM's equity as collateral." As for the price, yes. We're good at talking. The general pledge in the market is 50% of the market value, and I can pledge 40% of the market value to you in exchange for you to put in another loan. ”

"Mr. Merkler, don't waste our time!" Ludwig. Heine's face sank completely, "If we release this news, the consequences may not be something that VEM Holding Group can afford, and our loan is only 30 million euros, I believe that the dignified VEM Group can still afford it." I believe Mr. Merkle can tell which is more important! ”

It's already a dead fish. Ludwig. Heine's last patience was about to run out.

To this Adolf. Merkler knew this, and after a long silence, he pressed the phone in front of him, "Hannah, ask the treasurer to come to my office!" ”

Compromised!

Which is more important, Adolf. Merkler, naturally, is well distinguished, and he has few other options in this situation. It didn't take long for a chubby, balding middle-aged man to walk briskly into Adolf. Merkler's office. Because he walked so fast, beads of sweat the size of beans even oozed from his forehead.

"John. How much cash do we still have in our account? "Adolf. Merkle looked at the man named John with a solemn face and asked bluntly.

"Counting the amount due for this month, plus the amount that needs to be paid in advance, and the interest income, etc.......," John didn't know, but still replied honestly.

Adolph. An impatient look immediately appeared on Merkler's face, he did not need these specific data. Besides, there were two outsiders here, and it was even more inconvenient to disclose sensitive data, so he unceremoniously interrupted John's words at the moment, "You only need to tell me the specific amount, and the rest don't need to be reported." ”

"Yes! Be! There were more beads of sweat on John's forehead. A total of 174.3 million euros. Boss, do you need money? The money is ......"

"Settle the loan for these two as soon as possible!"

Adolph. Merkeler frowned and interrupted John again, "These two are from Hawk Bank!" ”

"Hawk Bank?" John looked the two of them up and down for a while, and then nodded, "The loan of 30 million euros is not much, and it can still be squeezed out." I'll do it right away, but boss, I have to warn you that there will be no more such prepayments. If there is more demand, I think it may be difficult to maintain daily operations. ”

"Got it, hurry up and settle the accounts for these two gentlemen!" Adolph. Merkle waved her hand impatiently.

Ludwig. Heine and Werner. Bach glanced at each other, and each could see the joy in each other's eyes. Ludwig. Heine smiled and said, "Mr. Merkler, thank you very much. It's a bit hypocritical, but we're really sorry for this visit and hope you get through it well. ”

It's a beautiful word, but it's not clear how much of it is sincere.

Adolf at this time. Merkle still had the heart to continue to entangle with them, waved his hand impatiently, and motioned for them to go out with John to go out to complete the relevant procedures, "Since I have repaid the loan in advance, I hope you ......"

"Of course, of course, we won't leak this information!"

Ludwig who had already walked to the door. Heine hurriedly said, "Mr. Merkler, you can rest assured. We at Hawker Bank will keep your situation 100% confidential. ”

……

Jean Adolf. What Merkler didn't expect was that this was just the beginning of a wave of remorse. Although Hawker Bank kept its promises, his broker who shorted Volkswagen Group could not afford to lose this huge amount and frequently collected debts from VEM Holdings. When many parties failed to collect debts, the broker had to reveal the whole thing, so everyone knew that VEM Holding Group was in financial crisis.

For Zhong Shi, who planned the whole thing, Adolf. Merkler hated it to the bone, and he thought that this was Zhongshi's action against him, and he didn't want him to be just a pond fish that was affected.

The stock price plummeted, debt collection was rampant, loans were hopeless, and cash was running out, all of which were bad for VEM Holding two months later. In the case of the four sides asking for help to no avail, the desperate Adolf. Merkler finally chose to commit suicide by lying on the rails, ending his legendary life in a tragic way.

The most suffocating thing is that in Adolf. The day after Merkeler ended her life, a consortium of banks decided to issue an emergency loan of 400 million euros to VEM Group, which to some extent saved the lives of VEM Holding Group and its companies, but not Adolf. Merkler's life. (To be continued......)

PS: Thank you for the flying leaves and the demon dragon war ghosts in the flight! This stage has come to an end, the author needs to continue to sort out his thoughts, and strive to write better in the next stage, please be patient and wait~