Chapter 365 Establishment of the African Standard Bank
The acquisition here has not yet begun, Yuriya suddenly came to the door, it turned out that Su Ming mortgaged his shares in Su's, and he had to report it to the company, and the purpose of the mortgage was also written on it, Yuriya saw the news, and immediately notified his brother who was far away in London, and after Hamandan heard it, he asked Yuria to quickly find Su Ming and ask them if they could also participate in this incident.
In the financial field, although Middle Easterners are richer than Africans, and they are very popular with those bankers, and they have to recommend to them at every turn what financial products and investment projects they want, but when it comes to participating in their banks, their heads immediately shake more than rattles, and this is not negotiable.
This is the same as the Middle East people wanted to build oil refineries, no one wants to build an oil refinery in the Middle East, they would rather use oil tankers or pipelines to transport oil to distant Europe or the Americas, rather than build an oil refinery there, the Middle East people are rich in oil, but still need to import gasoline or diesel, Western countries have set up layers of cards on technology and patents, and only in recent years has the situation improved slightly.
In the long-term development plan for the future, Hamdan should try to get involved in high-tech, finance, and military fields, and after cooperating with Su, although the effect is not obvious in a short period of time, Su's role in promoting Pakistan's economy is still very happy to see in his eyes, and now he has not yet taken power, and many national affairs have not yet had a say, but in his heart, he has formulated an ambitious grand blueprint, waiting to be drawn in his own country.
Originally, in finance, he also started with the acquisition of a medium-sized bank, and then slowly developed throughout the Middle East, but before he could implement this plan, he received the news and immediately felt that this was a very suitable opportunity.
No one can expect to completely control a bank, so others will not be relieved to deposit money in you, this period of cooperation with Su Shi is very pleasant, although the original agreement did not require financial supervision, but Su Shi still provided them with complete and credible financial statements, and at the same time notified them of any major matters.
Yuriya came here to discuss with Su Ming whether she could participate in this plan, and if she could, how much share she could get on their side, money was definitely not a problem for them, the key was to see how much Su Ming was willing to give them, and in this regard, they still fully respected Su Ming's wishes.
Su Ming let Yuria see the entire plan of the acquisition operation, although Yuria's face was still veiled, but Su Ming couldn't help but look at the face behind the veil with his own ability, as if feeling Su Ming's gaze, Yuria raised her head and glared at Su Ming with that kind of water-cutting beauty, Su Ming immediately laughed awkwardly, and Yuriya snorted lightly with her nose.
She knew that Su Ming could see everything behind the veil, so did he see all his body, this can only hope for Su Ming's conscience and morality, Yuria didn't have the courage to expose this matter, and if he didn't want it, he would only have to commit suicide.
Thinking of this, Yuriya hurriedly gathered her mind and prayed to Allah, asking for Allah's forgiveness, Su Ming didn't know how Yuriya looked at the plan and went to pray again, and thought that people's prayer time was up, and she didn't dare to say a word, and she didn't even dare to come out of the atmosphere.
Su Ming has seen the madness of Middle Easterners in religion, to say that Middle Easterners are usually very harmonious, but once they feel insulted in religion, it is definitely an endless thing, thinking of this, Su Ming felt that it was better for him to stay outside for a while, and was just about to leave with his hands and feet, and that sneaky look happened to be seen by Yuria, and he couldn't help laughing.
Su Ming looked back at this time, and after seeing Yuria's smile that seemed to be blooming like a spring flower, he immediately stayed there like a wooden stake, to say that Su Ming is also used to seeing beautiful women, and his resistance to beauties is also extraordinary, the last time a world-class star came to Su Ming, when Su Ming looked at the pores on her face that were thicker than the tip of a needle, she almost didn't vomit.
But I don't know why, as soon as I saw Yuria, I couldn't restrain my heart, especially when Yuria usually looked holy and undesecrated, and suddenly bloomed like a flower, which made Su Ming a little unrestrained, but fortunately it didn't take a while to recover.
Yuria didn't say anything, but shifted the topic to the plan, and asked about some details of the plan, Su Ming answered them one by one, and after a while, it was considered to eliminate the embarrassing atmosphere just now, after reading the plan, Yuriya expressed her intention to participate in the plan, and Su Ming also nodded in agreement.
A bank, the more complicated the identity of the shareholders can be reassuring, and since the cooperation with the Hamdan side, the relationship between the two sides has been maintained very well, if Su Ming is still a little wary of the Union Bank of Switzerland, for the Hamdan side to be much more assured.
So during the tripartite negotiations, Su Ming's position was on the side of Dubai Investment, and the UBS did not express any dissatisfaction with this, as long as they could participate in it, the two sides reached the purpose of cooperation, and they did not care about the share, so after the negotiation, it was still calculated on the scale of 20 billion US dollars, and Su's share of capital contribution remained unchanged, still occupying 60% of the share, and the other 40% was divided equally by UBS and Dubai Investment.
If the funds are insufficient, they will continue to invest funds according to their respective shares, and after reaching a cooperation, the two sides will form a joint economy and begin to propose a purchase plan to each other.
The acquisition, of course, is a premium, but how much the premium, it depends on the requirements of the other party, since Standard Chartered Bank gave up 30% of the shares of Standard Bank, Standard Bank has been in the hands of the two institutions, although they add together, the shares are less than 35%.
Needless to say, the former one is actually a South African company, both of which were established at the Cape of Good Hope, and when NTU came out of the Commonwealth, the first prime minister was the chairman of the company.
The biggest obstacle to the acquisition is these two institutions, the part of the shares listed by the public does not need to worry about it, they are eager to be acquired, who is not willing to make more money, after contacting the other party, Su Ming and the other party sat down on the negotiation table.
For Su Ming's acquisition request, the other party was really resistant, they were about to increase investment and vigorously carry out network construction, then thinking that someone suddenly stepped in and wanted to buy the shares in their hands, and they were not short of that money, so it was naturally impossible to agree.
The negotiations between the two sides have reached an impasse, with the strength of the other side, if the forced acquisition is really carried out, it is estimated that another 20 billion US dollars may not be feasible, especially the representative of the senior health insurance company, the attitude is very resolute, while the public investment company, the attitude is a bit strange, from the beginning of the resolute refusal, after several negotiations, it is a little loose.
Here is the target of public relations on this company, he is the largest shareholder of Standard Bank, but Senior Guardian Insurance Company has an advantage over them on the board of directors of Standard Bank, is it the reason for this? However, this conjecture was quickly refuted, as representatives of public investment expressed no interest in participating in actual business operations.
That's why, Su Ming saw a little problem from the other party's skin color, most of the people on the side of the public capital company are black, which is also the status quo in South Africa, with the black people in power, they gradually replaced the people in all important departments with blacks, while the senior health insurance company is basically white.
Su Ming carried out persuasion and investigation from this aspect, and the actual situation was as Su Ming imagined, although the black people had the power, they still needed the white people in the actual business, and at the same time they were extremely uneasy about the white people, and in the complex financial field, the black people could not even find half of the experts, complex reports, changeable accounting methods, you expect a person who doesn't even know advanced financial knowledge to understand those complex and changeable professional terms, it is better to let them commit suicide to make them more happy.
But they are not willing to accept that such an important area is still controlled by whites, in this way, it is equivalent to the country's economy is still in the hands of these whites, not to mention that blacks are in charge, and it is almost the same as being fooled by others, so they thought of seeking help from foreign aid, and whites are all untrustworthy, so the yellow race is still quite credible.
At this time, Su Ming and others sent to the door, at first they refused Su Ming's acquisition request, and then slowly came back to their strength, isn't this just the external force they are looking for, the opportunity to break the white domination in the financial and economic field is in front of them, of course they refuse to let go.
However, they are also afraid of suffering Su Ming's losses again, so they insist on a principle and sell the shares in their hands, which is absolutely impossible, but if you are ready to invest in, this can be considered, Su Ming's side discussed it, and felt that this is almost fine, with the cooperation of the public investment company, it should not be a problem to get control of the bank.
At this time, the senior health insurance company could not sit still, their shares in their hands were not even 10 percent, if the public investment company defected to that side, they really had no way, in order to get better conditions and fight for the initiative, they even took the initiative to agree to the request for cooperation than the South African public investment company.
Through equity replacement and private placement, Su Ming and his strategic investors were introduced, of which Standard Bank was valued at $6 billion as a whole, and Su Ming and the three parties invested $18 billion in accordance with the originally agreed share to form a new African Standard Bank.
(To be continued)