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Chapter 1260 The Threat of LNM Group

Germany, at 9 p.m., Patriarch Welf’s Airbus A340 business jet took off from Berlin International Airport and flew eastward.=

In the spacious cabin of the business jet and the luxurious office, old Welf was sitting with two middle-aged men.

"Father, I still have to say that you really think highly of the boy named 'Fang' when you went to Fengyuan in person this time." The burly blond middle-aged man in his forties said.

"Louis is right. The two of us can go to one of them to discuss the equity of the Haiping Mining Company." He is the third son of the old Welf brother. Both of them are now the second generation of the Welf family.

The best among them. This time, at the request of old Welf, he went with him to Fengyuan.

Old Welf glanced at the two of them calmly and said, "Do you think my eyesight is dim and I can no longer distinguish the priorities of things?"

"Father!"

"Uncle!" Louis and Martel were startled and shouted quickly. Such rebellious remarks were not something they dared to say, especially Louis.

Old Welf waved his hand and said: "I have been teaching you since you were young. Although the Welf family has been a noble family for thousands of years, it is only the achievements of our family's ancestors. We are just lying there.

We have achieved today's status based on the wealth accumulated by our predecessors. Over the past thousand years, we have seen the rise of countless nobles and watched them die. So, don't underestimate anyone! Although he is young, he has essentially become a Chinese

The patriarch of the Fang family, and what are you going to do? Moreover, the equity of Haiping Mining Company is related to the future status of our Welf family in the Aselock Group Company. It is of great importance and cannot allow for any mistakes.

error."

Louis and Martel looked at each other, with expressions of sudden realization on their faces. They also understood that without the background of a thousand-year noble family behind them, their net worth and status would not be enough to be on an equal footing with Fang Mingyuan.

And although they thought that Old Welf went there in person because he valued the iron ore output produced by Haiping Mining Company, they did not connect this with the future status of the Welf family in the Aselock Group.

.

Aselock Group is the largest steel group company in Europe and currently the world. It has more than 110,000 employees and produces nearly 60 million tons of steel every year, accounting for 5% of the world's total output. Its annual output value exceeds

It has raised 30 billion euros! It is the pride of the European steel industry and the pride of the Welf family.

It's just that other directors on the board of directors of Aselock Group are still relatively wary of the Welf family, which makes it difficult to increase the Welf family's shareholding ratio in the company. Although the Welf family passed

The method of transferring the original shares in their hands to the Fang family has added an ally to the board of directors, but the Fang family's focus is not on Europe, and the Welf family still has difficulty in obtaining the top position in the Aselock Group.

.

Although the steel industry is now called a sunset industry, and its share in a country's GDP is getting smaller and smaller, it is undeniable that it is still a pillar industry of a country. There is no steel industry of its own.

. Then many other domestic industries, such as the shipbuilding industry and the automobile industry, have to look at the opinions of other countries. It can be said that it is an indispensable pole related to the economic stability of a country.

The Welf family has been engaged in this industry for many years. However, the European steel industry is developed and competition is fierce. It is not easy to create a steel company that can dominate Europe and the world. After years of secret promotion, coordination and compromise of multiple families, and the

Due to the market pressure from steel companies in the United States and emerging countries, the Aselock Group was successfully established. However, even so, there are still many powerful steel groups on the European continent.

"Lnm Steel Group Co., Ltd. has not been prosperous recently. I am very worried whether it has new acquisition targets." Old Welf sighed.

"Is it possible that the Indian still wants to annex the Aselock Group Company?" Louis blurted out.

Lnm Group is currently the second largest and most globalized steel company in the world. Its chairman is Mittal, who was born in India. The original Lnm Group was just a company with 300,000 tons in India and Indonesia.

It is a small multinational enterprise with electric furnace steel production capacity and two small rod and wire rod rolling mills. However, since the 1990s, LNM Group, under the leadership of Chairman Mittal, has launched a series of developments that have dazzled the industry insiders and also attracted them.

Breathtaking mergers and acquisitions.

The third largest steel company in Mexico, the fourth largest steel company in Canada, Germany's Hamburg Steel Company, Kazakhstan Steel Company, Irish Steel Company, and American Steel Company... have all become the possessions of lnm Group. So far, lnm

The group has completed twelve acquisitions, and after each acquisition, the lnm group was able to smoothly integrate and operate the new assets and quickly began to make profits. This is also a miracle in the world's steel industry.

It is precisely because of this series of acquisitions of steel companies that lnm Group has rapidly expanded, from an unknown small multinational company in the East to now headquartered in London, England, with an annual steel output of more than 40 million tons, and an annual output value of

The world's second-largest steel company, reaching US$156 billion, is closely behind Aselock Group and has become a strong competitor of Aselock Group. The information obtained from Aselock Group

Judging from the news, LNM Group is not complacent because it has expanded into the world's second largest steel group company. Instead, it continues to look for the next acquisition target.

"Is this impossible?" Old Welf's eyebrows immediately stood up. His son's abilities were pretty good, but he had one shortcoming: he was too arrogant. He also valued his aristocratic status too much! Mittal!

He is an Indian. Although he is not from a common class background, he is not from a wealthy family. Therefore, when talking about him, Louis will often call him "that Indian".

"Not only the Aselock Group, Japan's Nippon Steel Corporation, and South Korea's Posco, which one does it dare not acquire?" Old Welf said. "He made his fortune by relying on a series of acquisitions.

, has become the world’s second largest steel company, why don’t they dare to make further acquisitions to become the world’s largest steel group company?”

"Uncle, I think we need to be wary of lnm Group's ambitions, but we don't need to pay too much attention. As long as we maintain the momentum of rapid development and continue to expand the scale of Aselock Group, lnm Group wants to surpass Aselock.

It’s not something you can do if you want to acquire a Key Group company. At least, I think the governments of France, Belgium and Luxembourg are not happy to see lnm Group’s merger with the Aselock Key Group happen,” Martel said.

"Well...this is a good saying, but we cannot be careless because of this. Every time lnm Group makes an acquisition, everyone thinks they will fail. Even if the acquisition is successful, future operations will be difficult, but every time they

I guessed wrong, I don’t want Aselock Group to become its prey in the future!” Old Welf nodded and said, “Those guys on the board of directors always fail to see the crisis! They will only indulge in Aselocki Group.

The Serocki Group Company is the world's largest steel company, but it has not seen the halo. There are already too many emerging steel companies that are catching up!"

Old Welf couldn't help but think of Fang Mingyuan again. He had already received news that the two major steel groups under the Fang family, Liao Iron and Steel Group Company and Qinxi Iron and Steel Group Company, were continuing to expand their production capacity, especially the Fang family.

Once the new steel plant in Tangshan is completed and put into operation, it will be a huge leap for the total output of the Fang family's steel group.

"It seems that the children also attach great importance to the steel industry." Old Welf thought to himself, and he also noticed that the Tangshan City Government began to vigorously rectify and control the pollution caused by the production of steel companies in the territory. He didn't know why.

There is a feeling that this may also be due to the Fang family. The Fang family seems to be different from many families in China. While they are making money, they are also concerned about many other things, such as environmental pollution.

"A bunch of idiots are not as far-sighted as a young man!" Old Welf cursed in a low voice again, not only scolding other directors on the board of directors of the Aselock Group Company, but also scolding many people in his own family.

They have not paid attention to the signs of changes in iron ore prices in the international market. Although Aselock Group can obtain considerable steelmaking raw materials by recycling scrap steel every year, it still needs a large amount of iron ore, and Europe's

After so many years of mining, iron ore has been basically exhausted and needs to be imported from Africa, Australia, India, and Brazil. Once the international market price of iron ore rises significantly, if it is only a short-term fluctuation, for Aselokki

For the group company, it has little impact, but if it is a medium- to long-term rising process, then owning shares of an iron ore production company in advance is very important for the Aselokki Group Company. Even

It is related to the future life and death of Aselokki Group Company!

Old Welf knew that the reason why lnm Group was able to develop and expand rapidly was that, in addition to Chairman Mittal's unique vision and high management level, one of the most important factors was the iron ore production company under lnm Group.

, can meet more than 45% of its needs, and coke can be completely self-sufficient. Coupled with its ever-expanding production scale, this allows it to obtain greater gains when negotiating with raw material manufacturers.

Pricing power. Therefore, if the international price of iron ore rises significantly, for lnm Group, it will be a good opportunity for them to continue to acquire and expand!

Although Old Welf does not discriminate against Mittal, this does not mean that he is willing to let lnm Group extend its hands into the Aselock Group. This time he went to Fengyuan, hoping to discuss the matter with Fang Mingyuan.

Let’s talk again and listen to Fang Mingyuan’s opinions.

Although Fang Mingyuan owns 12% of the shares of Aselock Group, Old Welf knew that what Fang Mingyuan valued more was the other benefits brought by his status as a shareholder, such as cooperation in sales channels, new

Technology transfer, employee training and other aspects. If someone can guarantee these requirements, Fang Mingyuan does not mind transferring all the shares in his hands. This result is not in the interests of the Welf family, especially when the lnm Group is standing aside

When the tiger is watching with eager eyes.

Moreover, Old Welf also has an idea. If lnm Group really launches an acquisition of Aselock Group in the future, it will look for partners internationally and reach cross-shareholding or other financial cooperation relationships with them.

It is undoubtedly one of the effective means for Aselock Group to resist its acquisition, and the Fang family's steel group company is a good choice. Although this will further strengthen the Fang family's position in Aselock Group.

However, Fang Mingyuan's attitude of not having any intention to control the Aselock Group determines that in the future, the Aselock Group will be able to regain its independence by paying a certain price.

All these require greeting Fang Mingyuan in advance and obtaining his approval before preparations can begin.

However, the most important thing now is to obtain the shares of Haiping Mining Company. Only in this way can we lay a solid foundation for the Welf family to expand its voice in the Aselock Group of Companies in the future. But... although there are already many

After a phone conversation, Old Welf still couldn’t grasp what Fang Mingyuan’s psychological limit was, and he didn’t know what kind of exchange could increase the attractiveness of Fang Mingyuan! Although money is good, but facing someone who is not short of money,

When people are young, the role it can play is minimal.

Although Old Welf's voice was not loud, because the room was relatively quiet, Louis and Martel also heard it, and both of them lowered their eyes in unison, as if they had not heard anything.

There were several knocks on the office door, and old Welf said in a deep voice: "Come in!"

The door opened, and Old Welf's secretary walked in quickly, put a piece of paper on Old Welf's desk and said: "Miss Angelina sent an urgent email. I hope

You can take a look immediately."
Chapter completed!
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