Chapter 423: The State of Nauru (8)
Frank Dassler took the initiative to stand up and began to fight Ludwig Scotty; The Nauruans conceded 0.2 percent, while Frank conceded 0.1 percent, and the two sides were at a stalemate of 84-88 percent.
McCann-Scotty and Montas, it's time for these two peacemakers to make an appearance!
In the end, the two sides reached an agreement, which was set at 86% off, which is the bottom line of Ussy!
Prior to this, Immelt sold his debt to Ussi at a price of 76 percent; Ussi has to earn at least 1% off to be cost-effective, and the reserve price is set at 86% off.
Nauruans will not be able to afford more than $100 million in cash, and they will not be able to return home to pay to Congress, so it is impossible to let go; If Ussi did not offer to discount the debt, the Nauruans would have to continue to delay the debt.
Although he lost some, Ussie didn't care at all, anyway, it was all black money from the casino, and no matter how it was washed, some of it needed to be cut off.
After two hours of rapid negotiations, the two parties happily reached a preliminary agreement, drew up the transaction contract on the spot, and signed them respectively!
At 12 noon, a grand barbecue feast was held on the beach in the heart of the ocean to entertain the distinguished guests; Everyone sang and danced, ate and drank, and frolicked in the offshore coral rocks for a long time.
Departing at 6 p.m., Usilis, Xiaoqian, Frank and the bodyguards boarded a Nauruase luxury yacht to Nauru, and then took the Nauruase plane and flew directly to Newport Beach Airport in Oregon, USA. Newport is located in West Zone 5, while Fiji/Nauru is located in East and West Zone 12, a seven-hour flight away, and after a jet lag, it was 7 a.m. to Newport.
Newport belongs to the state of Rhode Island (the smallest state in the United States) and is both a famous coastal city and an important naval base and training center in the United States. Newport Beach Airport, on the other hand, is a bit special, and it seems to be aimed at tourists, but in fact it only accepts private jets and military helicopters.
At this time, Immelt and the others arrived at the appointment on time, and they also happened to get off the plane, and the three parties met at the airport, transferred to two military planes, and flew directly to Astoria Regional Airport, and before arriving at their destination, they circled in the dense forest area on the east side of the airport for more than half an hour.
In fact, it's more convenient to fly directly to Portland International Airport and then take a cruise; But this itinerary was arranged by Immelt, and Usi naturally agreed unconditionally!
This unexplored wilderness is the land of the Nauruans, known as Miles Forest.
It is located in the northwest of Oregon, along the Pacific coastline and on the south bank of the mouth of the Columbia River. Along the Columbia River, westward to the port of Portland; Along the coast to the north to communicate Canada's Victoria Port, Vancouver, Seattle, Las Vegas, etc.; To the south, San Francisco, Los Angeles, San Diego, and many more are connected.
Myers Forest, topography like a sweet potato, is surrounded by two tributaries of the Columbia River (Lewis and Clark Rivers and Juvenile River) on the east side, Astoria Regional Airport and Walton City (tourist town) through the Lewis and Creek Bridge on the east side, and Astoria City (tourist town) across the river on the northwest side;
Located on the Columbia River's prime thoroughfare, it is easy to procure and transport all kinds of building materials, the only challenge is that it is a dense forest and swamp area, and the cost of cutting down trees, leveling the land, and paving the road network is expensive.
Oregon's government addressed the main road problem by building a bridge across the river ahead of schedule, as well as six standard highways; With these basic conditions, the land was sold!
By the end of '00, some of the scattered problems were also partially solved by a group of tenants, who built scattered roads, hospitals, shipyards, churches, power schools, expeditions, logging teams, hunting teams, private villa complexes, etc.
This area is a hub of activity for expeditions, and some people are really keen on the outdoors; Some people are playing smuggling transactions!
The reason why this high-quality land can't be sold is because this group of tenants has a special identity, cough cough, they are all from the Luczes family.
Of course, they all have 10-year leases, and since the Nauruans bought out the land in '92, they continued to lease the land from the previous contract until 10/01/04, which coincided with the date when the Nauruans would pay off their last $230 million debt!
All in all, if the Nauruans don't use the land to offset their debts, it will be difficult to sell the land and it will be difficult to rent it out at a high price, ahem!
After looking at the terrain and learning about all aspects, Ussi knew what to expect!
The three parties sat down together and began to settle the debt and land transaction!
1. Usi called the Rothschild (Germany) Bank and took out a loan of $516 million in loan sharks that would be repaid in full in March with an interest rate of up to 2% of the total, or $10.32 million, with part of the gold as a pledge. Ten minutes to get the money to Ussi's Swiss bank account.
2. Ussi and Nauruan signed a "contract for the freehold right to use 200 hectares of Myers Woods" for $516 million.
3. Nauruan and Ussi signed the "Nauru-owed Debt Custody and Processing Contract to GE", remitting $395.6 million (86% of the $460 million debt) on the spot, and Ussi was responsible for the follow-up matters, and there was no legal relationship with Nauru anyway.
4. Ushi and Immelt signed the "GE and Nauru Debt Settlement Letter", remitting $349.6 million (76% of the $460 million debt) on the spot, and Imelt was responsible for the follow-up matters, and Ussi had nothing to do with it.
5. As an intermediary in the settlement of debts, Usi earned a benefit fee of $46 million (1% off the $460 million debt); Of course, it won't let the Nauruans know!
How can trade secrets be leaked?!
When Immelt was done with this important task, he left in a hurry, leaving behind two personal assistants to take care of some special matters for Ussy.
This three-way deal can be described as a happy one.
As Party A: On behalf of GE, Immelt got rid of a bad debt of installment payments and recovered nearly $350 million, although it lost $110 million (including high interest), but avoided dealing with the "stubborn fat pigs" in Nauru in the future; Moreover, the Nauruans are about to go bankrupt, there is no "oil and water" to squeeze, and the second $230 million is destined to be difficult to recover.
In the current vigorous company acquisition war and real estate development, take out 350 million US dollars to invest, no matter how you calculate, it can appreciate to more than 460 million US dollars in 4 years! (To be continued.) )