"He appeared in Germany?"

When the bell stone appeared in Wolfgang. When the news of Porsche's birthday party reached the other side of the ocean, it was in the afternoon, and Soros was originally sleeping in his luxurious office, but when he heard the news, he instantly woke up like a fierce tiger from a lazy state, and his whole body was full of violence and mania.

"And also attended Wolfgang. Porsche's birthday party? Soros frowned and muttered to himself, "What the hell is this guy going to do, is he going to buy Porsche?" ”

According to the operation mode and means of hedge funds, they can be divided into event-driven hedge funds, merger and acquisition hedge funds, quantitative investment hedge funds, and so on. Soros, as the most traditional group of hedge fund managers, believes in value investing, that is, discovering the true intrinsic value of stocks, currencies or commodities to invest, and this investment method accounts for half of the hedge fund industry.

But for some hedge funds, they don't follow the investment path of value investing, such as the famous Carl Brown. Icahn, who is good at buying listed companies that are in financial crisis and undervalued by Yan zhòng, and completing investments through restructuring and selling assets to make a profit, this kind of fund is called "barbarian at the door" by Wall Street, and is a hedge fund of restructuring and merger.

Of course, these investment methods are not absolute. In fact, every long-established hedge fund will get involved in other investment methods, and it is only according to the famous work or investment style of the person at the helm that the market has a different division of this.

When Daniel. Johnson reported to Soros that Bell Stone was in Germany to attend Wolfgang. After the news of Porsche's birthday party, Soros's first reaction was that Zhongshi might covet Porsche's assets and planned to restructure or sell them by way of acquisition, but the next moment he decisively denied this possibility. For a long time, the young and formidable investment star had not made a similar investment. Moreover, Porsche AG is not a publicly traded company in the traditional sense, and the Porsche family has an absolute controlling stake in this company, and they will not sell their high-quality assets under any circumstances.

"Maybe it has something to do with something the Porsche family announced at their birthday party!" Daniel. Johnson's expression was slightly embarrassed, he never expected his boss to react so much after hearing the news about Zhongshi, "The Porsche family announced that it will increase its stake in the Volkswagen Group in the future, from the current 30% to 50%. Occupy an absolute controlling stake. They want to annex the Volkswagen Group, enter the low-end car market, and integrate the entire high-end, high-end, and low-end market. I wonder if Bell Stone is there in this situation, is it seeking some kind of cooperation with the Porsche family? ”

Since the focus is on the bank bond market, in many cases Daniel. Johnson's attention is on the big banks in various countries. Just over a dozen minutes ago, a phone call from Frankfurt, Germany, told him that it had happened there, and that he had been trying to draw his attention to the changes in the capitals of several German banks. But he keenly sensed from his words that the news might be useful to his boss, so he immediately rushed to report to Soros.

Because the news was announced in public. So soon in various financial terminals, there was news that the Porsche family was going to take absolute control of the Volkswagen Group, which also indirectly confirmed that Daniel. The truth of what Johnson said.

"Cooperation?" Soros's eyes widened all of a sudden, and he said angrily, "What kind of cooperation?" It's nothing more than that the Porsche family has taken a fancy to the cash on hand and wants to finance it in some way. Besides, since they dare to openly declare their absolute control of the Volkswagen Group, they have already prepared the means. Maybe they have already privately acquired a lot of Volkswagen shares, and they will wait for the news to be announced before making the transfer. This is the time to join in the fun. I'm afraid it's too late. ”

"Boss, maybe you don't know much about the holding of Volkswagen Group!" Daniel. Johnson disagrees. Before he came, he had a rough understanding of the general situation, and immediately explained unhurriedly, "Although Porsche AG had previously controlled 30% of the shares of the Volkswagen Group, the Volkswagen Group did not rest on its laurels, but took many measures to resist the other party's acquisition, including legal and external assistance." ”

"And there's a more important point. The German government of Lower Saxony owns 20% of the Volkswagen Group's shares, which have not been transferred or even circulated. Most fatally, the Lower Saxony state government, which owns this stake, has a veto on the decisions of the Volkswagen Group, according to the relevant laws and the decisions of the board of directors. This means that even if Porsche AG wants to achieve absolute control, it will have to obtain the consent of the Lower Saxony government. Of course. There is also the possibility that if Porsche AG can acquire more than 80 percent of the controlling stake in the Volkswagen Group, the veto of Lower Saxony will be automatically nullified. ”

"Given the Volkswagen Group's position in Lower Saxony and the number of jobs it provides, it is unlikely that the state government will agree to sell this stake to the Porsche family. Because in the subsequent statement, the Porsche family strongly stated that after the acquisition of the Volkswagen Group, they will reorganize the Volkswagen Group, even if there is a 'shock'. This statement is sure to anger the local government, so so far, although they have announced the acquisition of a stake in the Volkswagen Group, there will be a fierce offensive and defensive battle ahead. ”

"So what you mean?" Soros's brows furrowed even tighter, he really didn't expect that the equity distribution behind it would be so complicated, and even the government was involved, "The Porsche family still needs funds, and the gap is very large? (To be continued......)

PS: Thank you for the book friend Canoe 1998 for the monthly pass! ps: Time is too tight to finish writing, and I'll make up the rest tomorrow~