Chapter 136: Piëch's Counterattack

Seryosha had been abroad for more than a month, and now he had to return to the USSR ahead of schedule. And Tonya and Karim will be in charge of the next thing, which is to join forces to take a controlling stake in the entire Volkswagen Group.

The biggest obstacle in front of Gorky's financial team was the damn Volkswagen Act. It is hard to imagine that in Western countries where capital is absolutely free, there will be such an obviously unfair anti-competition clause. But there is some good news now, and that is the irreconcilable conflict between Ferdinand Porsche's direct descendants and Piëch. So Wolfgang Porsche, the representative of the Porsche family, who had the same interests, soon formed an alliance with the Blackstone Group on behalf of the family and fought together for a controlling stake in the Piëch family.

Peterson soon signed a serious agreement with Wolfgang under which Blackstone would fully support Wolfgang's stake in the fight for equity in terms of funding. Once the agreement was signed, Peterson flew back home to deal with the legal matters, while Karim was in charge of the follow-up with Wolfgang as a senior partner at Bank of Columbia.

Wolfgang was upset that the Bank of Columbia had sent only a little girl, but he soon saw how good this little girl was. Karim's Rothschild, Barclays, and Royal Bank of Scotland soon joined in, and the four banks were to provide Wolfgang with enough money to buy an entire Porsche. So on the stock exchange in Frankfurt, a struggle for control of Porsche AG began.

Wolfgang first had to buy shares from other investors in the stock market in order to gain more leverage. With sufficient cash reserves, the acquisition went well. The share price of Porsche Motors quickly became a high-performing stock on the Frankfurt Stock Exchange. As the stock price continued to rise, the cunning Piëch reacted immediately. He began to persuade Volkswagen's board of directors to provide funds to protect control of Porsche.

Why Piëch can say that the board of directors of Volkswagen is because Piëch was an important member of the board of directors of Volkswagen, after Piëch was swept away by his uncle decades ago, he joined Audi, and with his outstanding talent for the automotive industry, he brought the brand out of trouble step by step, after Volkswagen bought the Audi brand and turned it into its own high-end brand, Pierre shoes also entered Volkswagen as the president of Audi.

Piëch has good connections in Volkswagen and a good reputation in the German automotive industry. So when he suggested that Volkswagen support the Porsche Group to prevent it from being bought by foreign capital, the xenophobic German car industry stood in opposition to Karim.

Although the competition on the Frankfurt stock market is fierce, the members of the Porsche family hold preferred shares with high voting rights, and although there are many stocks in the market, they do not have a dominant position in voting rights. Still, Wolfgang got enough of the ordinary shares to bring back the lost voting rights of the Porsche family.

After the initial brief madness, everyone now knows what Porsche and the Piëch family are up to. As a result, there were fewer and fewer Porsche shares available in the market, and Wolfgang's takeover had to come to an end.

After being caught off guard again, Piëch quickly figured out who was behind Wolfgang and supported the Porsche family in their struggle for control. So a shocking news was stabbed by Piëch's ears and eyes within the Porsche Group to the German financial media.

"Wolfgang colludes with foreign capital to compete for a controlling stake in Porsche"

"English consortium intervenes in the German car industry"

Shall we say no to the British? 》

……

As soon as this news came out, Wolfgang became a public enemy and traitor to German industry, and it didn't take long for the German Allianz Group to stand up and announce that they would support Piëch, and then the giant Deutsche Bank also joined Piëch's camp.

However, these are not the worst, the federal government has also announced that it will intervene in this equity battle, Piëch launched a new proposal on the board of directors of Porsche, proposing to introduce new strategic investors by issuing additional shares, etc., and the German Ministry of Finance, Deutsche Bank, and Allianz Insurance have all come forward to respond. Later, even the trade unions of Porsche cars joined in. The leaders of the union said they did not believe that the British could manage Porsche, and if the Porsche family chose to cooperate with foreigners, the union would take a series of measures to resist the takeover.

Almost overnight, the situation took a turn for the worse, and Karim and the British consortium became almost the public enemies of the German auto industry. And the contradictions between the British and German people have also raised this equity competition to the height of the nation.

"It seems that sometimes, money is really not everything!" Karim said with a wry smile to his British partners.

"These damned Nazis, the Nazism of the Germans simply did not go to the grave with Hitler, these damned bastards, how can we forgive them after the war?" The representative of the Royal Bank of Scotland said indignantly that he had fought in World War II and naturally did not have a good impression of the Germans.

"Karim, we have to find a way, if this matter is delayed like this, it will be very detrimental to our acquisition!" The representative of Rothschild Bank said worriedly that now even the German government has intervened, which is tantamount to a direct death sentence for this acquisition.

"Everyone, don't be impatient, I think things haven't reached the point of no return, we should still have a chance!" Karim persuaded his partner.

"Karim, although we have a good relationship with several banks, I don't see any room for maneuver when it comes to business. Unless we get the German government to abandon its meticulous protection of its own companies. That's why we at Barclays have decided to pull out of this acquisition! ”

"Gentlemen, you are in such a hurry! How can you be so sure we don't stand a chance! In this case, if you resolutely withdraw from this operation, we can buy all the rights and interests in your hands at your cost price! Karim replied unceremoniously.

"Is there any other way you can do?" The representative of the Bank of Scotland asked curiously.

"Of course, the show has just begun! This time we at Bank Colombia are targeting the masses and Porsche is just an appetizer before our meal! Karim said confidently.