Shenhao starts from system downtime

Chapter 570 Century Acquisition Case

Volkswagen Group and LVHM Group, in essence, are both family-owned inheritance enterprises.

It's just that compared with the LVHM Group, the Volkswagen Group has the same essence, but there are still some differences between the two.

The family ruling the LVHM Group today is the Arnott family, and the current head of the Arnott family is Bernard Arnott, who has complete control over the Arnott family and the LVHM Group.

However, this is not the case for the Volkswagen Group. Nowadays, there are many factions in the board of directors of the Volkswagen Group. Although they all have the same root, the struggle for power and profit has never stopped. Internal power struggles are constantly occurring. Sometimes the relationship between the two parties is even worse than enemies .

Going back a hundred years, the founders of Volkswagen Group and Porsche were actually the same person, and this person was Ferdinand Porsche.

However, the root cause of the takeover case that caused the Volkswagen Group and Porsche to part ways, started a war between the two sides, and attracted worldwide attention, all have to start with a bloody thing.

At that time, the CEO of Volkswagen Group was named Ferdinand Piech, and the CEO of Porsche was named Wolfgang Porsche.

The two grew up together since they were young, and they were cousins ​​to each other. Originally, their relationship was quite harmonious. However, when he was young, Ferdinand Piëch was suave and suave. A big green hat was put on the head of his cousin Wolfgang Porsche.

So, after this incident was exposed, Ferdinand Piech was kicked out of the family.

But Ferdinand Piech did not disappear, but switched to the Audi brand under Volkswagen, and began his counterattack road. Compared with the smooth sailing of his green cousin, Ferdinand Piech was in the In the process of ascending to the top position, it can be said to be full of intrigue, and finally stepping on the bodies of dozens of executives, he stepped onto the throne of the Volkswagen Group.

So far, the two brothers who used to be "bridges" to each other, one is the CEO of Volkswagen Group, and the other is the CEO of Porsche.

As a man, no one can bear to have a green hat on his head, and it is even more unbearable that the man who has buckled his green hat is now on an equal footing with him, so Wolfgang Porsche decided to take revenge.

In a few years ago, although Porsche's annual sales were far less than that of the Volkswagen Group, Porsche took a high-end route, and the net profit of each car far exceeded that of the Volkswagen Group, so that Porsche accumulated a lot of money at that time. A lot of money.

So whether it was due to personal grievances or from a business development perspective, Wolfgang Porsche finally decided to acquire the Volkswagen Group.

In the next few years, Porsche first absorbed a large number of shares of the Volkswagen Group from the secondary market, then bought them at high prices from financial institutions, and then continued to absorb shares of the Volkswagen Group through various methods such as options and innovative betting. stock.

Because of the acquisitions of Porsche and Volkswagen Group, the entire European financial market was surging at that time, and countless financial giants participated in this financial event.

With Porsche's strong cash flow, Porsche soon held more than half of the shares of Volkswagen Group.

However, there were unpredictable circumstances. Just when Porsche was about to complete control of the Volkswagen Group, the financial crisis in 2008 suddenly hit. This unprecedented financial crisis has greatly shrunk the wealth of countless high-net-worth rich people around the world, so that Porsche’s profits directly It plummeted.

Porsche, which originally borrowed a huge amount of money from the bank in order to acquire the Volkswagen Group, was unable to repay the debt because of the financial crisis, let alone continue to acquire the Volkswagen Group.

As a result, the relationship between the original hunter and prey suddenly reversed, the former hunter became the prey, and the former prey became the hunter.

Finally, in 2010, after lengthy negotiations and mediation between Porsche and the Volkswagen Group, Porsche was 100% acquired by the Volkswagen Group and became another luxury brand among the many luxury brands under the Volkswagen Group.

However, although the Volkswagen Group acquired 100% of Porsche, Porsche still held a large number of Volkswagen Group shares in its hands at the time when Porsche used the Porsche Holding Company to acquire the Volkswagen Group.

Therefore, in this acquisition of the century, it is difficult to tell who is the winner and who is the loser.

After Porsche was acquired, Wolfgang Porsche naturally entered the board of directors of Volkswagen Group, so external conflicts turned into internal conflicts.

Although Wolfgang Porsche and Ferdinand Piech have long since abdicated today, disputes between the factions of the two parties have always filled the board of directors of the Volkswagen Group.

Obviously, the situation of Volkswagen Group and LVHM Group is very different.

In the LVHM Group, the Arnott family is the only one in control. The Arnott family has absolute control over the LVHM Group, and there is nothing messy in the Arnott family.

So after Lin Qian obtained the huge equity of LVHM Group, the Arnott family immediately sent someone to contact Lin Qian, and promised Lin Qian a lot of privileges and benefits, just to ensure that the huge equity of LVHM Group would not be taken by the hostile group. What was stolen was to ensure the stability of the LVHM Group and the absolute rule of the Arnott family.

However, this was not the case for the Volkswagen Group. With the huge amount of equity in Lin Qian's hands, in the board of directors of the Volkswagen Group, as long as Lin Qian casually swayed to one side, he would have an overwhelming advantage over the other party.

As for which side Lin Qian chose to fall on, it naturally depended on which side offered the most generous chips and benefited Lin Qian the most.

Of course, there is a certain risk in Lin Qian's behavior of waiting for a price.

If the two parties suddenly join forces temporarily to eliminate Lin Qian, a third-party force, Lin Qian is not worried.

From the very beginning, Lin Qian didn't want to control the Volkswagen Group. If the two parties joined forces to squeeze out Lin Qian, then Lin Qian could contact GM, Toyota, BMW and other top car companies to directly cash out his shares.

With such a huge amount of shares in the Volkswagen Group, Lin Qian believed that if he let out some news, many companies would be particularly interested.

However, the above is based on the worst development expectations.

What Lin Qian understood, the board of directors of the Volkswagen Group also understood that it was far better to have such a huge amount of shares in Lin Qian's hands than to be controlled by those car companies at the same level as the Volkswagen Group.

Therefore, the main task of Lin Qian's dispatch of the negotiating team this time was to get in touch with the spokespersons of the current factions of the board of directors of the Volkswagen Group, so as to obtain the greatest benefits for Lin Qian...

(End of this chapter)