"What do they say?"

Wolfgang. Porsche shut himself in his office, closed the thick curtains even during the day, and the room was pitch black, and he relied only on the light. Externally, he claimed that he was thinking quietly for a while, but Weidkin believed that the helmsman of the Porsche family could not bear such heavy pressure, and became passive and wanted to escape from it all.

This was a particularly busy time for Weidkin, who had to take on the responsibility of Wolfgang on the one hand. On the other hand, Porsche is looking to the market for financial assistance. In just a few days, his hair had turned gray.

A large part of the reason for today's situation stems from Wei Dejin's "bad idea", that is, the rejection of Zhong Shi's "olive branch". Weidkin himself knew this, but now he could only make up for his misjudgment of the situation with more hard work.

But once some things are missed, it is difficult to recover them.

On this day, Weidekin contacted KfW, a state-owned bank owned by the German federal government, and because of the state's credit backing, Weidekin thought that it was far more likely to borrow from it than other commercial banks.

The Porsche Group is currently faced with an uncertain debt of up to 13 billion euros and a funding gap of close to 2 billion euros for its own operations. In a recession, it is impossible for any commercial bank to lend them such a large sum of money, not only because of their poor operating conditions, but also because of the long-term consideration of the collapse of Volkswagen Group's stock price.

The financial crisis has not only affected the Porsche Group, but also the operations of the Volkswagen Group, which have suffered a severe impact, and in this case, the already inflated share price of the Volkswagen Group has been collectively undervalued by the bankers, that is, they are now meddling in the debt of the Porsche Group. Then there is a high probability that 13 billion euros of debt will be involved, which no banker wants to face.

Even state-owned banks could not get rid of this concern, so Wei Dejin's visit was in vain.

"They denied our request!"

Wei Dejin pulled a chair, sat down silently, and muttered for a long time. "After only fifteen minutes of talking, they categorically rejected our loan request, and even though we pledged it with a low percentage of 30% of the market value, they were unmoved. Although they were polite throughout the whole process, I didn't see the slightest possibility of getting a loan. ”

“……”

The lights were a little dim, and Weidkin only heard Wolfgang. Porsche let out a long sigh, unable to see his expression. In the middle of the night, there was a sudden stabbing sound, and a match was lit out of thin air. I saw Wolfgang. Porsche has a large cigar cigarette in its mouth and is roasting it against the flames.

The flames flickered and danced, reflecting on his haggard face. Weidkin suddenly found out that he hadn't seen Wolfgang for a few days. A lot of wrinkles appeared on Porsche's face.

"If the reconstruction bank is not playing, we have another choice."

Wei Dejin racked his brains and thought about it for a long time, and finally said slowly. "But it should be our last option. Because I talked to my financial advisor the other day, and they said that it is simply impossible to issue debt in this situation. It's a miracle to get half of the face money. ”

"Do we have a choice?"

Half-reclining in the boss's chair, Wolfgang. Porsche let out a long wisp of green smoke and laughed self-deprecatingly, "I didn't expect that we still have a choice." Wendelin, let's talk about it. What choice do we have? ”

"Corporate Rescue Fund!"

Although Wolfgang. Porsche's attitude was very frivolous, but Wei Dekin didn't care too much, and said with a solemn face, "Yes, it's the federal government's corporate rescue fund!" ”

Speaking of this corporate bailout fund. It is a bailout fund of around 100 billion euros, which was just announced on March 4. Because inspired by the United States to bail out the three major automobile companies, and because many German companies are in deflation, the German government announced the establishment of such a fund at this time, with the purpose of opening more financing channels for many enterprises.

But as soon as this fund was established, it was greatly criticized. Critics argue that the German government's blatant interference with the inevitable restructuring of the industry will have serious undesirable consequences, stimulating those that are not doing well to get more help from the state, thus creating unfair competition.

Among the many opponents, especially Daimler. Mercedes-Benz and BMW Group are the loudest voices, because this directly affects the layout of their interests.

So far, many auto companies, including Opel Motors, have been included in the first batch of rescue lists, and the Porsche Group has not yet applied for the time being.

"As long as we apply, the rest depends on the approval!"

"The 75 billion euro liquidity guarantee and the 25 billion euro cash loan, as long as we can get a part of it, then the dilemma we face will be self-defeating." I have also read the relevant application conditions, and a large part of them are met, only the current acquisition case, I am afraid that we will face a little difficulty, but I personally think that the problem will not be very big. ”

"Can it really save us?"

Wolfgang. Porsche's face changed little by little, and when he heard the end, he straightened his waist and stared at Wei Dejin with burning eyes, "If we can apply successfully?" ”

"Again, if we can apply successfully, all problems will be solved!"

Weidkin didn't dodge Wolfgang. Porsche's scorching gaze bravely greeted, "As long as we can continue with the acquisition plan, the funds within the Volkswagen Group will be the key to solving all our problems." ”

"Bell Stone?"

Obviously, Wolfgang. Porsche was told to be moved, but so far he was still worried that someone was getting in the way, and this person was obviously the Bell Stone they had offended before.

As for Zhongshi secretly sabotaging their acquisition plan, after repeated verification, they are quite sure. But even if they knew the identity of the other party, they were at a loss for it, because the other party was doing a decent trick, if Porsche faced it. I can only fight with each other for funds.

However, the problem of funding is the biggest problem facing the Porsche Group at present.

Not to mention fighting for funds, even if Zhongshi is against them in the capital market, the Porsche Group must keep it highly confidential. Because once the news leaks out, I am afraid that the market will immediately set off another hunt against the Porsche Group, after all, compared with the previous action. This time they faced an opponent dozens of times stronger.

"Let's get reconciled."

Wei Dejin was also at a loss, and shook his head helplessly for a while, "For such a person, all our tricks can't work, so in the end we can only seek his forgiveness, and the best way is to take all the shares at that price." ”

In fact, deep down, Wei Dejin was quite unimpressed by Zhong Shi's actions. However, he knew that his boss was already very dissatisfied with his previous abandonment of Bell Stone, so in this case he could only go with Wolfgang. Porsche's meaning goes on. Otherwise, it will cause more trouble.

"That's all there is to it!"

Wolfgang. With a natural expression, Porsche let out a long breath and echoed, "At the right time, we will invite him over to clear up the misunderstanding between the two sides." We can even sell a portion of the benefits if necessary. Offending such people is really more than worth the loss. ”

"It's worth the loss!"

Wei Dejin thought silently in his heart. Even if the Porsche Group succeeds in acquiring the Volkswagen Group. However, the total asset size is still not comparable to that of Tianyu Fund. In this case, it is better to be a friend, and at worst a stranger. It's a bit too much to be an opponent.

At this moment, Wei Dejin also felt a little remorse for his reckless behavior.

……

The pervasive media soon dug up the news of the Porsche Group's application for a bailout fund.

In fact, the Porsche Group has no intention of hiding it, and after they frequently turned to the bank consortium for help, the news of their liquidity crisis has begun to spread, but they have not acknowledged it. Now as soon as the news came out, everyone suddenly realized.

Speaking of which, the Porsche Group fits the bill for this relief fund for the automotive industry. But there was always a twist in the story, and their application caused such an uproar in Germany that they were criticized far more than other car companies.

The problem lies with Wolfgang during the Dezhi period. Porsche.

At the beginning, the Porsche Group proudly announced the acquisition of the Volkswagen Group in order to secure the Lower Saxony state government. Wolfgang. Porsche and his men took the Lower Saxony government to the European Intellectual Property Court and made a high-profile announcement that they would consolidate the acquired Volkswagen Group.

The so-called integration means layoffs! Now some employees of the Volkswagen Group are going to lose their jobs!

This is undoubtedly intolerable for the government of Lower Saxony, which relies heavily on the Volkswagen group. Although the European Intellectual Property Court later ruled that the Popular Law violated the principle of free competition and was invalid. However, the Lower Saxony state government is therefore firmly united with the current management of the Volkswagen Group and resolutely resists the takeover from Stuttgart.

At present, the Porsche Group is in crisis, and the other party will naturally not let go of this opportunity to beat the water dogs.

"Our state legislators will never agree to their bailout application!"

Urf, the governor of the Lower Saxony state government, announced in a high-profile manner, "This also represents the opinion of our government." At the same time, our MPs will not agree to the Porsche Group's bailout request. Yes, I will definitely not agree! ”

"This is absurd, because the bailout fund was originally used to bail out the conscientious German industry and revive the country's economy. It would be unreasonable to invest that money in a company that made its fortune on derivatives finance. Is this still the original intention of the bailout fund? If it is indeed successful, what will those who have worked hard and worked hard for the country's industry think? ”

"We don't agree!"

Ulf didn't let go, leaving only one sentence!

Similarly, Mercedes-Benz and BMW Group, direct competitors in the luxury car sector, have jumped out one after another, accusing Porsche of blatant waste of taxpayers' money.

Unlike the accusations against Opel, Mercedes-Benz and BMW blamed Porsche's strategy and invariably focused on the other party's acquisition of the Volkswagen Group. The two companies advertise that the Porsche Group's self-indulgent acquisition is the root cause of their crisis. If the bailout fund chooses to help them, it is indirectly helping them to complete the acquisition. This is not only unfair to the Volkswagen Group, but also a major challenge to the entire business rules.

The direct involvement of four car companies, all of which are German-made leaders, caused a lively discussion throughout Germany. Every day, newspapers report on relevant news, experts from all walks of life come to the stage to comment, and from time to time parliamentarians and high-ranking government officials come out to express their opinions, and the whole thing presents an extremely "prosperous" state of affairs.

The strong opposition of the big groups, the collapse of public opinion, and the fanning of the flames by officials led to an unexpected result of the Porsche Group's plan to apply for a government bailout fund at the end of May.

They were denied. (To be continued......)

PS: Thank you to the romantic snail, spring comes to the flowers bloom early, Zhixingsun, Feixin, Lao Nafa stepped into the sky, the world decisive jue, Xiaoqi Civilization Miracle, cpower, TinyBee and many other book friends for voting for the monthly ticket! At the same time, I would like to thank the book friends for the monthly pass and reward 151120171352669! The author rearranged his thoughts, and the content of kneeling and licking will definitely not appear again in the future! It's almost the end of the month.,Although I know it's not good.,But you still have to be cheeky and ask for a monthly pass.,I hope everyone looks at the author's sake.,Look at the situation and vote.,In short, thank you very much.,The author will continue to work hard!