Reborn in America, I'm serious about making money.
Chapter 84 The Largest Bank Takeover
When Zhang San arrived in England, two things were already circulating. The acquisition of Midland Bank by Huifeng Bank, which was originally scheduled to be completed in July of this year, was affected by a certain event, and a new buyer emerged.
The newspapers reported on the incident, with NT-MS from North America offering £4 billion, which attracted a lot of attention.
Huifeng Bank and Midland Bank have a close relationship, but they offered £100 million more than you!
Midland Bank plc was once one of the UK's four largest banking groups. However, its performance last year was extremely poor, with a loss of £70 million.
Taking this opportunity, Huifeng Bank made a takeover offer for it. As their negotiations entered the final stage, NT-MS, a company from North America, offered £4 billion to acquire it in its entirety.
This was an extremely simple acquisition. One company had many suitors, and Huifeng offered £3.9 billion for a full acquisition. Under these circumstances, the other party was also willing. After a long negotiation, just when the other party was about to give in, Huifeng encountered a strong competitor, NT-MS Company.
When Zhang San in Hong Kong first learned that Hui Feng was going to acquire Midland Bank, he thought that in the future, Hui Feng would become a global banking giant, so this bank must have value.
However, New Era Financial Group is based in Hong Kong, so it's not easy for them to interfere. After all, they can't afford to mess with the real estate tycoons.
In the 1980s, Huifeng acquired North American Sino-Federal Reserve Bank, expanding its business into North America. Now, by acquiring Midland Bank, it aims to link its three major businesses in Asia, North America, and Europe together.
In Zhang San's view, since you want to make contact, it must be very urgent. He wondered what the other party's thoughts were about him getting involved.
I'm eating lemons, damn it!
As a listed company, NT-MS issued an announcement stating that the company currently has too much cash, so much that it has nowhere to put it, and it does not want the cash to depreciate. Therefore, it can only preserve the value of its assets by acquiring some assets that can preserve their value. Midland Bank, one of the four major British banking groups, is a long-established and powerful bank, valued at £4 billion, which will guarantee the interests of investors.
As for the competition? I, NT-MS, maintain a respectful attitude and hope everyone can compete fairly. Money talks, don't do anything useless, ARE YOU OK!?
This disrupted Huifeng's plans. The Huifeng board of directors was also helpless against NT-MS, which also had a giant ally behind it.
Now it's all about who has the most money.
Hui Feng wanted to offer a high price, but it didn't seem worth it. Moreover, NT-MS seemed determined to win, which made them a little hesitant.
Just as Hui Feng was about to make another bid, someone produced some evidence, claiming that Hui Feng was suspected of money laundering... and the chain of evidence was very detailed, immediately causing a huge uproar in Hong Kong.
Hong Kong is a place where triads are active, and in a place like Hong Kong, during the era of the Four Great Detectives, personal relationships were very easy to establish... Moreover, for a period of time, these triad bosses were honored guests of Hui Feng.
HSBC, which had originally planned to submit a quote, withdrew from the deal.
NT-MS did not directly acquire Midland Bank with money, but instead took out loans from various banks in Britain, and will repay all the pounds after six months.
NT-MS is one of the most profitable companies in the world, and its cash flow is very strong, so various banks have agreed to lend to it.
When the agreement was reached, it immediately caused a global sensation. The acquisition of Midland Bank for four billion pounds was an astronomical sum, almost seven billion US dollars.
However, that didn't matter. Once the deal was completed, the new owner immediately began active operations.
NT-MS issued an announcement that Midland Bank had become an American bank and was actively participating in global business, and then... began a large-scale conversion of pounds into dollars.
Then, they began hedging their deposits in the futures market by selling pounds and exchanging them for marks and dollars.
"My God, I never imagined NT-MS would be so radical; this will ruin a century-old company!!!"
One newspaper expressed its incomprehension of Midland Bank's actions, noting that such a move not only made even a radical place like Wall Street feel radical.
They cashed out a large sum of US dollars in Britain and entered the North American market, where they began acquiring banks and establishing branches.
The Wall Street Journal commented on the transaction and subsequent actions in this way.
"Adding NT before MS transforms it into a different kind of company. This company is aggressive in its approach, and its achievements in finance are comparable to its achievements in systems. I hope this high-tech company will have smooth sailing."
Zhang San lived a low-key life in a townhouse and didn't care at all about what was said in the newspaper.
Meanwhile, NT-MS has also launched an audit of Midland Bank, and a group of people will be held accountable for last year's £7000 million loss.
"It was a mistake to sell this century-old bank to the Americans; they won't appreciate it."
"That NT-MS guy is a nouveau riche who thinks he can do whatever he wants just because he's rich... Okay, money really can buy anything. I take back what I said. This is a world of capitalism, so of course..."
Midland Bank also began borrowing pounds on a large scale for short-term financing. This is a very common practice among banks and a regular source of income, and it is also very safe.
They were interested in the NT-MS technology giant behind the bank, not in the loss-making Midland Bank.
Zhang San paid a heavy price for this acquisition. He first signed an agreement at the board meeting, which, in addition to using dividends as collateral, also stipulated that if his investments failed, he would leave the core power center of NT-MS and relinquish all power.
Of course, Zhang San can retain his NT-MS shares for financial investment.
It was Wall Street that pushed this agreement forward; they had long coveted NT-MS, a veritable cash cow. Currently, most of NT-MS's shares on the secondary market are in their hands.
Zhang San readily accepted the agreement because time was tight and the task was heavy, so ruthlessness was not an option. At the time, John had tried to dissuade Zhang San, to which Zhang San replied, "Don't worry, we still have Cisco. If you are ousted from NT-MS, you will be the CEO of Cisco."
Zhang San hit the nail on the head regarding John's thoughts. Now, he also serves as the CEO of Cisco, and he has gained the approval of another major shareholder there.
You'll Also Like
-
Shirou's clones number 30 million
Chapter 590 12 minute ago -
Becoming a wet nurse is not the end of the story.
Chapter 211 12 minute ago -
The Strange Cat from Fuuto
Chapter 910 12 minute ago -
Dragon Ball, simultaneously traversing countless worlds
Chapter 289 12 minute ago -
So I'm a sheep.
Chapter 677 12 minute ago -
Lu Bu, the Thunder General, is my adoptive father in Genshin Impact.
Chapter 173 12 minute ago -
Devouring World Dragon.
Chapter 353 12 minute ago -
The Martial Soul Skeleton, in Douluo Continent's Bone-Changing Susanoo
Chapter 144 12 minute ago -
Reborn in America, I'm serious about making money.
Chapter 381 12 minute ago -
Douluo Continent: Martial Soul Thunder Dragon, A Century of Glory
Chapter 240 12 minute ago