Chapter 11: The Prince's Troubles
After Chen Bo's coaxing and deception and double opening and flickering, Mansur still couldn't resist his attack after all, and finally nodded in agreement.
Islamic doctrine says that borrowing money should not be interest-bearing, but what kind of society is it in modern times? So the Middle Eastern investors have also come up with a compromise solution, and this kind of bank is called Islamic banking.
All loans are interest-free, but I'm going to take your shares, and in the end you buy them back at a premium. Isn't this interest coming out?
It can be seen that in the face of interests, there is no threshold that cannot be bypassed, no matter how high your faith is.
The Abu Dhabi Investment Authority can only provide a maximum of €24 billion in funding, as this is the highest authority at Mansour's disposal.
Abu Dhabi itself does not have many financial talents, and it has always been operated by entrusted foreign fund managers.
The current manager is Frenchman Velanene, who has worked for Abu Dhabi for more than 20 years, even married a Syrian woman, and has won the trust of the royal family.
However, this fund manager is conservative, and the asset allocation plan has not actively sought a board seat or management to exert influence, which is a pure ordinary investment. Compared to Alwaleed, it is much weaker, but it also has the advantage of being more stable and reducing the risk relatively low.
Of course, Chen Bo had no collateral to borrow money from Mansour, because all of them were authorized to the other twenty-three banks, and now he is very poor.
But would it be nice to change the mode? With the two companies jointly acquiring Orange, Ant Search has the option to buy out its stake in the Abu Dhabi Investment Authority over the next 10 years. Based on the current purchase price, the premium will increase by 3% per year.
For example, if Abu Dhabi pays 10 billion euros for a successful acquisition this year, then the base will be 15% in the second year, 18% in the third year, and 21% in the fourth year...... Until the tenth year.
This increase is actually to offset the inflationary factors, and the actual interest is about 20%.
Compared with the investment bank, the interest rate is only 7.5%, which is quite high, but the investment bank is reluctant to shell out such a large amount of money.
No one knows at what price the final deal will be, judging by the market capitalization, at least about 50 billion euros. But France Telecom is now a bear-like, it's good to have money to collect, and what kind of bicycles do you need, you must be able to cut a lot.
According to the professional judgment given by the investment bank, the transaction can be completed in about 35 billion euros.
Ant Search itself holds a cash flow of $9 billion, which is about $7 billion when converted into euros. In addition to the €18 billion in financing, there is a €10 billion shortfall to be filled by the Abu Dhabi Investment Authority.
This is the result of a full calculation, of course, it is impossible for Ant Search to throw away all the cash, and it is not fun to pour it before the acquisition is completed.
As the Big Four accounting firms picked up pace, the interbank meeting met for the first time under the chairmanship of Jacob, president of Rothschild Bank.
Chen Bo, as the global president of Ant Search, must attend, respond to questions from investment banks, and send specific financing and acquisition plans. Why Orange? What changes can the acquisition of Orange bring to Ant Search? And how to help Orange achieve profit growth.
Of course, the investment bank, as a creditor, has the right to know, otherwise why would I lend you money.
A meeting came down, and the heads were big.
Twenty-three banks, that's twenty-three mouths, each of which is not a fuel-efficient lamp.
Because this was an acquisition led by Chen Bo, other executives did not understand his intentions and could not help much. The members of the acquisition team, in addition to finance and legal affairs, really can't help him attract firepower.
After three days of discussion, the investment banks were still not satisfied, and Chen Bo was also exhausted.
The focus is on who will lead the new company or take over the board of directors of Orange after the acquisition is completed. There must be a powerful person to replace Chen Bo to implement the plan after the acquisition, if he is to take charge of it himself, it is not impossible, but I am afraid that his energy is limited.
The second is the top priority, Ant Search is still a limited liability company, and everyone is staring at this piece of fat.
Yiyantang can no longer manage a group as before, and investment banks are also urging Chen Bo to set up a board of directors and complete the equity allocation as soon as possible. I can lend you money, but you also have to hurry up and list me!
It's so boring to just eat interest, and when the time comes, the participants will all share some stocks, which is not bigger than the small profits.
This is also the unanimous consensus reached by all investment banks, which makes Chen Bo, who had not planned to start the listing plan, very uncomfortable, but he had to send it when he was ready to go.
For this reason, he can only announce a temporary adjournment, and find the person in charge to choose first, with his current energy, he really can't take care of the bulls. The formation of a board of directors and the distribution of shares are indeed imminent, at least to alleviate some of the pressure.
Although the employees didn't say anything, it doesn't mean that the executives have no opinion, and now it's calm, and maybe it will be detonated one day.
After notifying several well-known headhunting companies, Chen Bo is also looking for suitable candidates.
Telecommunications and the Internet are inextricably linked, and together with software development, the IT industry is formed.
He wanted to find a Chinese who knew his roots, but Orange was a European company with roots in Britain and France, and it would be counterproductive to parachute a Chinese without being familiar with the local culture.
Moreover, there are not many such talents, and they can still be independent in China, but they have not yet reached this level in the world.
"Larry, I hope it doesn't disturb your leisure." Chen Bo dialed Ellison's phone.
"If you have something to say, I'm in Barcelona and I'm going to go to the sea for a sailing race."
"Lend it to me for personal use?"
"Who?!"
"Sevra Katz."
“…… Get lost! Ellison hung up.
As for being so stingy, listening to the blind voice coming from the other end, Chen Bo muttered.
Katz, one of Oracle's co-presidents, was no easy task, and he became vice president within nine months of joining Oracle, and he was the only employee in the company who dared to reprimand Ellison. Last year's acquisition of Sun's case, the vice president made a great contribution and left a deep impression on Chen Bo, so this year Ellison directly stepped down and handed over to the two deputies to jointly manage, and ran and played by himself.
Since this road is impassable, it is better to change someone.
"Hey dear Steve, are you okay? Is Lorenna okay? Is Reid okay? Is Chen Jinyu okay? ”
"If you fart, let it !!" Jobs yelled on the other end of the phone.
"How about I poach Tim Cook, if you don't mind?"
"...... Calf...... Child! ”
Uncle, it's all taught by that little girl, why don't you learn something good when you're a father, it's still a friend, it's really picky!!
Chen Bo didn't want him to dig up anyone, they were all the pillars of various companies.
Dig up Mayer? This girl is a software engineer, at most she can be qualified for the position of vice president, and she is too young to be the president, so she will keep it there and practice first.
As for the candidates recommended by headhunters, they are all linked to the telecommunications industry.
Ericsson's Siwenkai, Nielsen, and Ke Dechuan, none of them ended well, and they were all waste that was dumped by Huawei. What else is there to love Hideki Komiyayama, Nokia's Kang Peikai, and Peng Peijia are all children of the word "pei", but in the end it is still a "loss"!
No, no.
Now the headhunters are almost annoying, your uncle's I have helped you turn the European telecommunications industry upside down, you don't even read the information, and you don't see people just pass, so how can I do my future work?
I want to think about it, but the cooperation still has to continue, and they can't get angry, so they can only hide in their hearts.
The owner did not wait, but an uninvited guest came, and little James brought a young Englishman with a narrow face to his suite.
"This must be His Royal Highness Prince William, the Prince of Wales?" Chen Bo got up in surprise when he saw someone coming.
"It's contemptible, Mr. Chen, I've admired it for a long time!" William reached out his hand, shook it politely, and then put it down.
As an unmarried prince, he has no title of his own, which can only be called by his scumbag Charles, Prince of Wales. Therefore, Chen Bo's name is more official, if it is enough to call His Royal Highness in private, and those who are close can call him by his name.
In a constitutional monarchy, the biggest role of princes and princesses is face, which is not as powerful as Mansour.
Chen Bo first invited the two of them to sit down on the soft sofa, and then called the housekeeper to bring three cups of English black tea and snacks, which happened to be the afternoon tea time.
"I wonder why Your Highness is here this time?" Taking a sip of the greasy black tea, Chen Bo took the lead in asking.
"Mr. Chen just calls me William, and there is no need to add honorific titles on informal occasions." This prince's face is still a little thin, and he is actually a little embarrassed, but he is indeed two years younger than him, and he should graduate from college this year.
"Then you don't have to be so polite, call me Vincent. We're the same age, so we don't have to be so reserved. "Chen Bo is more like the master here, and he has no pressure on the future king.
"Well, Vincent...... That one...... Forehead...... "William hesitated, slurred, couldn't he be a stutterer like his maternal great-grandfather, George VI?" It's the one in the Oscar-winning film "The King's Speech".
"I'll tell you." James took over and said, "William is a good friend of mine, he is not too embarrassed to say, please forgive me." ”
"It's okay, just say it."
"Yes, William and his girlfriend Kate have been exposed by the media many times, and they have spread quite widely on the Internet. Both of them feel a lot of pressure, after all, they are royals, and they will always be magnified and judged. So I hope that Ant Search can block the keyword information in it? ”
"Oh, I'm sorry for that." Chen Bo said with a look of embarrassment, "If it does not involve unconstitutional legal issues, Ant Search cannot make such manual intervention, which is against the spirit of Internet freedom." ”
(End of chapter)