Chapter 76 Mergers and Acquisitions (2)
"Oh, I want to hear about it." Li Dong said with some surprise.
"Mr. Li, since your company is even willing to invest in Jiangbei Bank, I am still very optimistic about the future development prospects. Therefore, I want to merge the company into Carrefour, and we can discuss the matter of shares. ”
Zhu Bin didn't go around the bend and said his thoughts directly. In fact, his supermarket chain is still running very well, and the hired people are all experienced senior management talents.
But the problem lies in the supply of goods, in the past two years, Jiangbei has more or less had some droughts, and then the prices of agricultural products are rising gradually. However, in order to stabilize prices, the city government has strictly limited the room for the rise of daily necessities, especially agricultural products.
This has led to Zhu Bin's supermarket, on the one hand, it needs to purchase agricultural products with rising prices, and on the other hand, it cannot increase the price at the same time, so it can only continue to compress profit margins.
Since the end of last year, his supermarket has been running short. Although the city government raised the upper limit of the increase of some agricultural products in a timely manner, the situation will only get worse, and he has long had the idea of retreating.
Zhu Bin's original plan was to clear the warehouse and close down the business, and then rent out the house, although he didn't make much money, it was better than losing money. He knows it well, this world is a seller's market, and without its own source of goods, it can only be controlled by others.
Li Dong's company is about the same scale as his own, but people have their own farms, and in the most important supply of farm products, at least people will not be choked. In fact, it was not that he did not think about starting his own farm, but as soon as he heard about the risk-to-profit ratio, he retreated.
"What? Mr. Zhu, please forgive me bluntly, I don't have the economic strength, and I don't want to give up my controlling stake. Li Dong refused directly, his steps were too big, and it was easy to pull lightly.
"Mr. Li, everything is negotiable, I only need 19% of the shares, and I can accept the rest in installments." In order to buy shares, Zhu Bin's condition is to drop again and again.
Li Dong was a little surprised when he heard this, this condition is inevitably too favorable, isn't this obviously to take advantage of himself? Could it be that he really has the aura of the protagonist and can make others bow down?
"This, Mr. Zhu, I need to discuss it with others, and we'll talk about it in two days, what do you think?" Li Dong finally decided to be on the safe side.
"No problem, but there are some things I want to make clear. My four stores are between 4,000 and 6,000 square meters, and I ask for them to be converted according to the market price, and you must also take over all those ordinary employees.
As for the managers, you can make your own decisions, but I suggest you think about it, their management skills are still good, and the supermarket's woes are not caused by them. Zhu Bin said very seriously, and it can be seen that he is a soft-hearted person, and generally soft-hearted people are not suitable for business.
"Of course, this is no problem, for the management, I promise that as long as the ability is sufficient, I will definitely appoint as appropriate, but it is definitely not the original position." Li Dong promised.
Carrefour is already small, and if the current management is all retained, not to mention the hidden danger of factional disputes in the internal retention, it may even form a situation in which the tail is too big to fall.
"Then I will thank Mr. Li on behalf of all the staff." Zhu Bin toasted Li Dong with a glass of wine, and without waiting for Li Dong's reply, he dried it directly.
Li Dong had no choice but to drink a glass of wine, and the matter was decided. After talking about business, the next thing is pure eating and drinking time, Li Dong is also very open, a little bit back to the feeling of playing KTV in his previous life.
After sending Zhu Bin away, Li Dong specially left Manager Qian, wanting to inquire about the background of this Mr. Zhu, and he also had a bottom in his heart.
"Manager Qian, what's the origin of this Zhu Bin, do you think he is reliable?"
"Boss Li, don't worry, who is Zhu Bin? He's the governor's brother-in-law. If you want me to say, you are lucky, you have the relationship with the governor, and this business will be in the capital in the future, it will not be smooth sailing. Manager Qian's tone was full of envy, but others couldn't ask for this opportunity.
"yes, then why is his company going bankrupt?" Li Dong was also a little surprised, he didn't expect the other party to be so big.
"You may not know this, but the governor's family is still very strict, otherwise it would not have been elected as governor for several generations in a row. If you want to blame, you can only blame Mr. Zhu for his own poor management, this is also a matter of no choice, the governor's wife can't ruin her son's future for her younger brother. Manager Qian's analysis was that Li Dong had really never heard of this.
"Then you mean that you can merge and acquire, you can rest assured, the commission is indispensable to you." After all, Manager Qian is more familiar with Zhu Bin than himself, and Li Dong is also willing to listen to his opinion.
"Of course you can, with Mr. Zhu's endorsement and the assistance of Jiangbei Bank, as long as there are no problems in operation, it will definitely be a person blocking and killing, and the Buddha will kill the Buddha." In the end, Manager Qian used an inappropriate metaphor in excitement.
"Okay, you go back first, I'll make a call."
Li Dong sent Manager Qian away, and then made a phone call to the fat man. Anyway, fat people are insiders, and some insiders know better than they know.
"Mr. Wang, I want to ask you about something, do you know Zhu Bin? It's the governor's brother-in-law. Li Dong ignored the fat man's complaints, he didn't believe that the fat man fell asleep so early.
"Who, Zhu Bin, what are you doing with him?" The fat man said unexpectedly, in his impression, Li Dong did not have these messy relationships.
Li Dong explained the cause and effect of the incident on the phone, and also repeated Manager Qian's analysis.
"That Qian manager is right, Zhu Bin really can't act recklessly, I think you can agree to this deal, it's a win-win situation."
The fat man actually has an unspoken reason, although Zhu Bin did not bully others, he also played a lot of side balls and reaped a lot of benefits, and the governor also had a headache.
"Okay, since you said it's okay, then I'll start preparing." Li Dong is not afraid that Zhu Bin will embezzle Carrefour, not to mention the governor's demands, just say that the farm is good, and he lacks his own supplies, which is a glossy money-loser.
After asking the fat man's opinion, Li Dong called Jia Lin and asked him to put aside the preparations for the new store for the time being, and quickly organized manpower to prepare for the integration of Zhu Bin's four stores.
Jia Lin's excitement is self-evident, this surprise is really bigger than the other, he hasn't reacted yet, the task of opening a store for the whole year has been overfulfilled.
Vice President Hu also raised his hands in favor of the acquisition, and with Zhu Bin's escort, Carrefour will go more smoothly and the future will be more secure. Second, he can also use this to connect with the governor, and maybe go one step further before he retires.
Since there was no objection, two days later, Li Dong and Zhu Bin formally signed the acquisition agreement, and the two sides also hired an independent finance company to value the two companies.
After confirmation by both parties, Zhu Bin finally owned 15% of Carrefour's shares and 22 million bonds. These debts are not calculated with interest, and are repaid in 10 years, and need to be exchanged for 2.2 million bonds per year, guaranteed by Jiangbei Bank.
Through this merger and acquisition, Carrefour has become a large enterprise with a market value of 130 million, barely squeezing into the top ten of Jiangbei's retail industry. In the next period of time, Carrefour needs to reintegrate, and it will not be able to expand again for at least half a year.