Chapter 247: Negotiations are blocked

The next day, after sending a car to send the reluctant Son Ye-jin away, Chen Daojun finally arrived at the European office of Shunyang Group.

After the car stopped, Zhang Jiuzhe, the representative of the office, stepped forward quickly and opened the door for Daojun diligently.

"Young Master Daojun, I heard that you will come, but we have been looking forward to it."

"Hehe, Representative Zhang, there was a slight delay on the way."

Chen Daojun glanced at the staff around him, and found that there were some blonde and blue-eyed guys among them, and he frowned slightly.

"There is a canteen in our office, close to noon, you are tired of the journey, we have prepared some wine and food, the right to pick up the wind for you, you please."

The last time Zhang Jiuzhe saw Chen Daojun, it was when he was acting as the Minister of Shunyang Investment eleven years ago, and they were quite impressed by the little doll who knelt beside Chen Yangzhe and did not say a word for several hours.

At that time, someone mentioned in a private chat that Chen Runji's youngest son has very strong willpower and will become a great weapon in the future.

Unexpectedly, eleven years have passed, and the inconspicuous child at the beginning is now able to take charge of himself and cooperate with BMW Group on behalf of Shunyang Group.

Pacing in the office with Kim Yoon-seok and others, Chen Daojun's brows furrowed deeper and deeper.

This office is too big, and after walking for five or six minutes, it seems that there is still a long distance from the place to eat.

"What about my cousin?"

Chen Daojun asked seemingly casually, I heard that Chen Ruijun was in Munich before, and he came over by himself today, and the other party would never know about it.

Zhang Jiuzhe hurriedly responded; "That's right, Miss Ruijun has been waiting for you here, but yesterday I received a temporary phone call saying that she needed to process a batch of overseas remittances, and she hurried back to Berlin in a hurry, you can rest assured, she said that she would come back as soon as the matter over there was finished."

"Oh、、、、、 that doesn't seem like a coincidence."

Temporary?

Come back when you're done?

Chen Daojun sneered in his heart, I am afraid that he is deliberately avoiding himself.

He can learn through the news that Chen Ruijun often fools around in Munich, doesn't Chen Ruijun know the purpose of his visit?

Unless you leave Europe, the other party will deal with it, right?

Along the way, passing through a garden, in addition to the ornamental trees and flower beds that have been trimmed into various shapes, walking twenty or thirty steps, there are several built-in fountains, and there are some fish whose names are raised below, which are worth a lot of money at a glance.

The Dongying office he had been to before was not only less than one-fifth the size of the office, but also much simpler.

Kim Yun-seok held back the surprise in his heart and quietly approached Chen Daojun: "Young master, these"

Daojun made a silent gesture, stretched his expression, and turned to chat with Zhang Jiuzhe with a pleasant face.

"Representative Zhang, you have a lot of vision, you have chosen such a feng shui treasure."

Zhang Jiuzhe didn't find anything wrong, just played haha and casually perfunctory, obviously not wanting to talk about it more.

When they arrived at the cafeteria, everyone sat down in turn, and at the invitation of Zhang Jiuzhe, Chen Daojun was not allowed to sit on the top.

"Young Master Daojun, the red wine brewed by the Bordeaux winery has just been awake for half an hour, can you taste it?"

Seeing a waiter coming over with a glass of poured red wine, Chen Daojun turned his head to look at the other party: "Representative Zhang, didn't we make an appointment with the senior management of the BMW Group to visit this afternoon?" I'm not strong enough to drink, so forget it. ”

"This wine is not high, young master, you have strong ability and a large amount of wine, one or two glasses will definitely be fine, only food and wine can not be disappointed."

Zhang Jiuzhe persuaded again.

"Eh, I really can't drink it, I think so, don't count me in, if you want to drink, you can feel free, leave me alone, I drank at noon, I'm afraid I'm going to sleep until tomorrow, hahahaha."

Seeing that Chen Daojun was left and right, Zhang Jiuzhe's smile did not change: "Then since Young Master Daojun doesn't drink, then put the wine pot on the glass table, and drink whatever you want, don't be polite."

So, the lunch ended in a relaxed and cheerful atmosphere under the deliberate rendering of Zhang Jiuzhe, who was full of witty words.

After sending Chen Daojun and them back to the room for a lunch break, Zhang Jiuzhe dialed Chen Ruijun's number in the car back.

"Miss, everything is done according to your instructions, when are you going to come back?"

On the other side of the microphone, Chen Ruijun, who was wearing a beige coat, lay leisurely on the sofa, pinching his mobile phone and replied casually: "Don't you worry, don't you all say that he is capable, let him touch his nose first, and then cooperate with him later, so that I can talk to him." ”

"Yes, with your design first, he will definitely take advantage of the excitement and return disappointed, hehe."

Zhang Jiuzhe is very confident in this.

In fact, as a representative of the office, he did not need to be so low-profile.

However, the fatal handle was held in the hands of the other party, and Ren is an old Jianghu like Zhang Jiuzhe, even if he resists, he will only die and the net will not break.

In addition, Chen Ruijun turned a blind eye to some of his small actions because he expected him to do things well.

Munich, Germany, BMW Group headquarters.

Chen Daojun didn't want to meet the chairman of the other party directly, just have a president, but the other party sent William Cardin, vice president of the group, to come over, which made him a little uncertain.

Chen Daojun proposed in person that the two sides could cooperate, which was not only his original intention, but also could also lead to bricks and stones, if the other party really asked for something, he could continue his words.

Pircas and the assistant glanced at each other, and then he spoke: "Mr. Chen, of course BMW can cooperate with you, but I am afraid that this matter will not be implemented in the short term."

Chen Daojun secretly thought: It really didn't go so well.

He pretended to be curious, "Oh, I don't know why?"

This time Pirkas took the initiative to speak, and he sighed:

"Alas, it's quite helpless to say, just three months ago, Volkswagen claimed to start acquiring Rolls-Royce, we didn't have any preparation, we were caught off guard, the chairman urgently issued an order, requiring us to do something, in short, now the group is in a very passive situation, so even if we have the idea of cooperating with you, I'm afraid there is no way to achieve it, because we can't spare our energy."

Chen Daojun broke his head and didn't expect BMW to receive the news at this time, he was very surprised.

At current market capitalisation, Rolls-Royce is currently worth around £1.5 billion.

Of course, this is only the value on the surface, Rolls-Royce also has a huge brand value and many skilled workers.

These things are hidden values, and if someone really wants to shell out £1.5 billion to buy Rolls-Royce, the labor side is a huge problem.

Unlike other industrial companies, an automobile company can have a cluster effect

Far more than other entities, the economic benefits of £1.5 billion can easily exceed £20 billion, providing hundreds of thousands of jobs.

As a result, the true value of an automotive company cannot be estimated in terms of physical assets.

Take BMW as an example, there are hundreds of large and small parts companies that rely on it for survival, employing more than 200,000 people.

BMW itself has 50,000 employees, including sales and after-sales personnel, such as repair and maintenance workers, in addition to production and R&D personnel

Together, they form the employee system of BMW.

It is precisely because of the huge cluster effect of the automotive industry and the huge employment opportunities that this industry can provide that the automotive industry is a very important part of a country's economy, so that governments attach great importance to the automotive industry.

Almost every government has policies and regulations to protect its own automotive industry, and through these policies and regulations, it is necessary to prevent its own automobile companies from being absorbed by foreign capital.

For example, country M has long issued relevant policies, and no matter which foreign consortium wants to acquire an automobile company in country M, it must obtain the approval of the Congress.

If Congress doesn't agree, no matter how much money you pay, you won't be able to make a successful acquisition.

Chen Daojun still has some understanding of these situations, and he listened to Pirkas's words.

The first thought is that BMW's subordinates on Volkswagen's side are not at the core.

After further analysis, Chen Daojun deduced that Volkswagen probably began to privately contact the top management of Rolls-Royce very early.

It's understandable how shocked and nervous BMW's top brass is, and only companies from the automotive industry are so interested in Rolls-Royce.

In a normal acquisition, the investment is basically the same as the market value of the company, and the premium of the acquisition will only be about 20% higher than that of the acquired company at most.

In the case of a surprise acquisition, the amount of money required will be exponentially increased.

For example, if a company has a market capitalization of $10 billion, and if you want to merge this company in a surprise way, it will cost at least $20 billion to succeed.

A surprise takeover is a very cash-burning act that does not require the approval of the board of directors of the acquired company and does not negotiate with the board of directors of the acquired company.

The main target of the surprise acquisition is the shares in the hands of other shareholders of the company, and directly buy out the shares in the hands of these shareholders through a high premium of more than double, so as to obtain a controlling stake in the acquired company.

Many very large companies generally have a lot of shareholders, and if you can own 10% of the company, you may be the largest shareholder of the company.

As for the other 90 percent of the company's shares, they are scattered among many other shareholders, large and small.

So now that Volkswagen's news has leaked, it means that the acquisition is nearing completion.

Pircas was about to be scolded to death by the higher-ups, and now he is in no mood to talk about this kind of cooperation.

After the other party expressed his intention to send off customers, Chen Daojun smiled: "It is true that it is important to compete with competitors for limited assets, but that is only the stock, and the increment of the automobile market is equally important, isn't it?" ”

"What, incremental market?"

Pirkas was stunned, originally thinking that it was just the rich second generation coming over to chat casually, but he didn't expect Daojun to put forward such an opinion.

"If you want, I can contribute, your group will produce technology, we will jointly develop a model, and our Shunyang Group will be responsible for developing the market, you just need to sit and wait for huge dividends, such a good thing, don't you consider it?"

Pirkas squinted at him: "Joint venture, this is a direct cooperation involving two groups, the situation is extremely complicated, there have been cases of joint ventures before, but it has been proved that the joint venture car is far inferior to the models independently developed by the group, and the sales volume is not ......"

(End of chapter)