Warner. Bach returned home dejected, hurriedly took a few bites of dinner, and then lay down in a daze on the bed.

As the credit manager of Hauke Bank's branch in Baden-Württemberg, he has a certain amount of money at his disposal to lend money. In the face of a giant like VEM Asset Management, it was originally the object of his stammering. However, due to the acquisition of Heidelberg Cement, VEM's capital turnover was difficult, and the stock price fell again and again, and in this case, all banks became cautious about lending to VEM Group, and Hawker Bank was no exception.

Two months ago, Werner. Bach granted VEM a semi-annual loan of 30 million euros to cover its cash flow. With VEM Group's vast assets, this loan is nothing at all. But during this weekend's routine check-up, Werner. Bach was surprised to find that Adolf. Merkler did not use the funds for turnover, but used them as a mortgage on the equity of the Volkswagen Group and put it in the capital market to short, which surprised and angered him.

Although the words of blocking VEM were released, Werner. Bach knew that this was not practical at all, and that it was possible for VEM to borrow cash from other banks. Who doesn't want Adolf. Merkeler was even more hawkish, and even threatened to block the Hawker Bank. Bach was in a state of confusion. Knowing that he is only a credit manager at the Baden-Württemberg branch, God knows what will happen if he leaves VEM Group on the list of customers of Hawker Bank.

Warner. Bach had to compromise and abandon his demand that VEM repay the loan within a time limit. I also accompanied a lot of good words, so I reluctantly suppressed Adolf. Merkler's discontent. Naturally, he realised that VEM might have made a lot of money from shorting Volkswagen's investment. That's why I can speak so hard.

By Adolf. Merkeler sneered at Werner. Naturally, Bach was not in a good mood when he returned home, and he was not even in the mood to do the weekend "homework" between husband and wife.

This naturally aroused his spouse Sarah. Bach's attention. She is a graceful young woman who exudes mature charm, with attractive blue-eyed blonde hair and seductive beprising curves. In the old days she only had a slight hint of action, Werner. Bach immediately became uncontrollable. And tonight, whatever she does, let her signal. Warner. Bach was just indifferent, which struck her as strange.

"What's wrong, dear?"

Sarah. Bach gave up seduction. Light a lady's cigarette and Werner. Bach lay side by side on a large, comfortable double bed, chatting and mingling.

"No problem!" Warner. Bach shrugged his shoulders and made a gesture of helplessness. The corners of the mouth are slightly raised. With a wry smile on his face, "There were some small problems at work today, which is a pity." ”

"Really?" Sarah. Bach seemed to be interested, and chased after him, "What the hell is the trouble?" I don't think it's a big problem, I've never seen you like this before! ”

"With the credit problem, today I went to VEM Group and found that a loan that was originally used for working capital was used for other purposes. When I made a request to terminate the contract. When the loan is asked to be repaid early, the other party simply doesn't care. He even threatened me with blacklisting the entire Hauke Bank. As a last resort, I had to abandon my principles and temporarily agree to their violations. "Werner. Bach let out a long sigh and told the story of what happened, and at the end he seemed to remember something, glanced at his wife, and said lightly, "All their funds have been invested in shorting Volkswagen Group shares." ”

"What?"

Sarah. Bach's face changed suddenly, and she immediately got up, looked at her husband seriously, and asked solemnly, "Are you telling the truth?" How can you be sure that these funds are short the public? ”

Feel the strangeness of his wife, Werner. Bach realized that something was wrong, and he turned his head to look at Sarah. Bach, nodding his head equally seriously, "They showed me the transaction records and the documents of the position, and it was determined that it was a short sale of Volkswagen Group shares. What, did something go wrong? ”

Sarah. Bach's face suddenly became ugly, and he hesitated again and again before he said: "Today our company has drawn up an announcement about the acquisition of the Volkswagen Group. It turns out that we already own more than 70% of the Volkswagen Group. ”

"This ...... How is this possible? "Werner. Bach sat up straight, "Why didn't I see an announcement about it?" This...... Don't you know that this is against the law? God, this is incredible! ”

Warner. Bach did not doubt the veracity of the news at all, because he knew that his wife worked for Porsche's board of directors, which was to draw up paperwork such as press releases and announcements. He himself is a finance graduate and has a clear understanding of the provisions of German securities law. Therefore, when he heard that the Porsche Group had acquired more than 70% of Volkswagen's shares, his first reaction was that the Porsche Group had violated the information disclosure regulations.

The acquisition of the Volkswagen Group by the Porsche Group can be called the largest merger in the German business community in recent years, as long as the Germans with a little economic and financial knowledge are paying attention to this acquisition of the snake swallowing the elephant, not to mention the Werner who was born in a professional class and his wife works in the Porsche Group. Bach too.

"No, no, no. Not all of them are shares, except for the part of the equity that is prescribed by law, the others are options. "Sarah. Bach's head shook like a rattle, "The board of directors will announce this tomorrow, and today's draft announcement has been approved by the board of directors, and you will know everything by then." ”

"Options?" Warner. Bach breathed a sigh of relief, but the next moment he realized that Wednesday was the delivery day of the month's stock indexes, options, etc., "Oh no, there are only three days." Wonderful, wonderful, wonderful! ”

"What's the wonderful?" Sarah. Bach rolled his eyes and said disdainfully, "Isn't the acquisition of equity and options a common way to acquire?" Why don't I see what's so wonderful about this? With that, she let out a long puff of green smoke, and her face was full of contempt.

"You don't understand that!" Warner. Bach turned. Close to wife Sarah. Bach's face was upright and he said, "How else to say that you are a layman!" Do you know or not. There is a rule in the Frankfurt market that as long as the option contract is fully margined, there is no need to open the position, which means that the Porsche Group has been secretly absorbing the options of the Volkswagen Group. On the surface, they stopped moving forward after acquiring a certain amount of Volkswagen Group shares, giving people a feeling of powerlessness, but in fact, it was the Ming Xiu plank road that secretly turned out to deceive the entire market. ”

"Really?" Sarah. Bach's eyes were silky, and a flush appeared on his face. Glancing at her husband, she said in a greasy voice, "Are you planning to come out like this?" ”

“……”

Warner. Only then did Bach realize that the two of them were in a somewhat ambiguous position. I couldn't help but sigh, turned over and sat up, and said with some disappointment: "Sarah, what do you think about every day?" Do you know what that means? ”

"What does that mean?" Seeing that her husband didn't mean that. Sarah's heart is more disappointed than the other party. However, seeing that the other party's face was serious and his attitude was serious, he could only force himself to press the ** in his heart, and asked, "I really don't see what's so great!" ”

"Amazing?" Warner. Bach shook his head vigorously, "This is not only remarkable, it is simply the beginning of a rule." Do you know when the news is announced. Shorts who short the entire Volkswagen Group stake face significant losses. Not only that, but the Frankfurt Stock Exchange may also change its trading rules as a result. Allowing even those who have paid enough margin to open their positions is probably the only case, an unprecedented one. ”

"So what about ......"

Sarah. Bach yawned without a figure, extinguished the cigarette butt, and turned over to leave his husband with a graceful back, "It's not early, rest early!" ”

"Hey! Hey! I'm not done yet! "Werner. Bach yelled in dissatisfaction and reached out to push her, "Do you know that this may involve billions or even tens of billions of market transactions?" God, it's kind of incredible when I think about it! ”

Sarah who already has the heart to sleep. Bach snorted twice and did not continue to answer, as if she was about to end the conversation. Warner. Bach suddenly felt bored, and looked at his wife again, ready to extinguish the lamp at the head of the bed.

At this moment, a thought appeared to Werner in the midst of lightning and flint. Bach's mind suddenly made him stop resting. He sat up straight again, his eyes as big as brass bells, stared at a certain part of the wall in a daze, and then slammed his thigh and said, "I finally know that something is wrong!" ”

Happily and sadly, under the violent mood swings, his palm was not slapped on his thigh, but on his wife's body. After a crisp "snap", there was no expected pain in the thigh, Werner. Bach realized that he had shot the wrong part, and his heart was terrible.

Who doesn't want Sarah. Bach was not as angry as he expected, but looked at his husband with a charming face. When Bach hurriedly took off his pajama pants, a pair of peach blossom eyes almost dripped water, "Honey, you should move gently!" ”

"Where do you think of it?"

Warner. Bach sighed "sighing" and said as he put on his trousers, "If the Porsche Group does make a statement tomorrow, then the VEM Group loan will be in trouble." I had to report this matter to the head office immediately to discuss how to deal with the situation that this account might become a bad debt. ”

As soon as the words fell, he was already messily dressed, opened the bedroom door and walked out, and it didn't take long for him to bang, Werner. Bach went out overnight.

Sarah. Bach watched all this blankly, and in chagrin he dug his hands into his hair, tugging at his charming blonde hair, and suddenly raised his head to the sky, and let out a terrible cry of "ah" from his mouth.

Only this cry can express her loneliness of being alone in the empty boudoir!

……

On October 23, in the afternoon, such a statement suddenly appeared on the official website of Porsche, and at the same time the Frankfurt Stock Exchange received a statement with the same content. Soon, this statement spread throughout the market through major media outlets.

"As of October 23, 2008, Berlin time, at the time of this announcement. The Porsche Holding Group already owns 42.6% of the shares of the Volkswagen Group, and the Group has made complete information disclosure to the public in accordance with relevant laws and regulations. The content disclosed in this statement does not fall within the scope of mandatory disclosure, but in order to ensure the standardized operation of the market and safeguard the rights and interests of Porsche shareholders, the board of directors and management of the company have decided to disclose to the public on the basis of not violating the law, and Porsche Holding Group currently owns 31.5% of the stock options of the Volkswagen Group of Germany. With regard to the exercise of this part of the option, the Group will strictly enforce the rules of the Frankfurt Stock Exchange.

Above. ”

As soon as a short statement of only a few hundred words came out, it immediately detonated the entire global market, especially the hedge funds that unscrupulously shorted the shares of the Volkswagen Group.

The fund managers' enjoyable weekend was immediately over, and the vast majority of them chose to return to the office as soon as possible to gather their fellow researchers to discuss countermeasures.

Forced to empty! (To be continued......)

PS: Thank you for voting for the monthly passes, such as Trance Yoyo, Crab Reading, Passing Water, Not Very Fat Sheep, Xia Yangyang, etc.! There are many other book friends who have not mentioned it and expressed their gratitude! I didn't write it until midnight yesterday, and I can't help you...... But please believe that the author will continue to work hard this holiday, I wish you all a good time, and I hope that more book friends will come to pay attention to and support this book~