Li Guangyu's side is developing step by step, but the acquisitions on Yinglun's side have entered a fever pitch. Both parties have increased the purchase price again and again. The purchase prices of many companies have reached or exceeded their expectations.
The most important thing is that when Yingya Investment Company and Yingli Investment Company competed, capital from other places also joined in, hoping to take a bite of the British privatization.
This time West German capital has joined in, focusing on Rolls-Royce and the British National Oil Company.
In addition, the royal families of Saudi Arabia and Kuwait are not willing to be left alone. The two parties jointly made a bid for the British National Petroleum Company, hoping to obtain this company with many technologies, so that they can transform from crude oil to products, deepen the industrial chain, and obtain more
income.
The current British market is full of competition, and everyone hopes to win their favorite company, and the current British National Petroleum Company has become the focus of competition among all parties.
At this critical moment, Li Guangyu, Sumitomo Qiying, Iwasaki Toshihide, Li Jianxi, and Zheng Yutong went to London again to personally direct the company's acquisition issues.
Within Yingya Investment Company, several shareholders listened to reports from the company and senior management on the acquisitions during this period, as well as some of the current situation in England.
Listening to the bids from the two royal families of Saudi Arabia and Kuwait, even Toshihide Iwasaki, the helmsman of Mitsubishi, Japan's second largest conglomerate, frowned. These two families do not regard money as money at all.
Now the quotation for the shares held by the British National Petroleum Company has exceeded the upper two levels of the stock market. Currently, the total number of British National Petroleum Company shares is 1.5 billion shares. The unit price on the stock market is 27.6 pounds per share, and the British government controls 65%.
Whoever takes the shares from the government will take over the company.
The current price quoted by British Asia Investment Company is 31.2 pounds per share to acquire the shares held by the British government. According to the situation learned by British Asia Investment Company, the latest price quoted by the Saudi Investment Company, jointly established by the royal family of Saudi Arabia and Kuwait, is 35 pounds per share.
, which means that to take over the shares held by the British government, 34.125 billion pounds will be needed.
At the current exchange rate between pounds and US dollars, this has exceeded 50 billion U.S. dollars. That is, if several major consortiums are united, it would be difficult for a single consortium to take it all in one go. Even if these consortiums are very powerful, it would still take so much money to spend at once.
This is a very difficult thing without affecting the development of the consortium.
Now Li Guangyu realizes that he underestimated the financial resources of the wealthy people in the Middle East. In the past, he mainly paid attention to American consortiums, Japanese consortiums, Western European consortiums, and even Southeast Asian Chinese consortiums and Korean consortiums. There were even Canadian, Latin American, and Australian families and consortiums.
Note that only the Middle East is left out.
Look at the investment companies that the two royal families are planning to establish this time, with bids exceeding US$50 billion without blinking an eye, which shows how strong the financial resources of these two royal families are.
In Li Guangyu's impression, there is nothing worth paying attention to in the Middle East except oil. The only thing he is interested in is oil. He has never entered the oil industry before, and his own business has not been developed in the Middle East, so he is not interested in this area.
The specific situation is not known.
Especially in Saudi Arabia and Kuwait, the two royal families have controlled the country for hundreds of years. Although the Saudi royal family had some twists and turns, they soon regained control of the country.
Over the past few hundred years, especially this century, the demand for oil around the world has soared, allowing these countries that mainly export oil to gain huge profits. Whether it is Saudi Arabia or the Kuwaiti royal family, they are very rich.
British Asia Investment Company has spent nearly 20 billion US dollars acquiring natural gas companies and water companies. If they want to take over Rolls-Royce, British National Petroleum Company and British Steel Company, the company's books will exceed 30 billion US dollars.
U.S. dollars are simply not enough.
Judging from the current situation, Li Guangyu and others need to provide at least more than 50 billion US dollars in support to Yingya Investment Company.
Sumitomo Qiying said: "The British government played a very powerful role this time. They deliberately threw out such a big piece of fat for us to compete for. They completed their own economic reforms and gained huge fiscal revenue at the same time. To be honest, now,
Such a price has far exceeded the value of British Petroleum Company itself. I hope everyone can consider it carefully before deciding whether we should continue to follow up."
The Sumitomo Foundation is not a tycoon in the Middle East. It is not easy for them to make money. It is all earned through hard work. Wherever there is countless black gold buried underground like in the Middle East, there is no need for them to rack their brains to think about how to develop the company and the group.
The price of 35 pounds has far exceeded their expectations. Sumitomo Qiying believes that it also exceeds the expectations of the American consortium.
The market value of the industries under their consortium's control is indeed huge, but that's just market value. Even if the assets they manage reach several trillions, so what. This acquisition requires cash. It is impossible for him to allow the Sumitomo Consortium to normalize because of this acquisition.
Development is disrupted.
Li Guangyu is not in an urgent mood to acquire the oil company at the moment. It would be best if he could acquire it, and it doesn't matter if he can't acquire it. Now Zhang Ziyu and the British government have almost completed discussions on the technology transfer of the steel company.
In England, except for the acquisition of electric power companies, which failed to achieve its goals, everything else has been harvested.
After Sumitomo Qiying finished speaking, he said: "Everyone, now that all parties have set their sights on this oil company, we might as well take a look at the reactions of the American consortium and the West German consortium. At this time, perhaps we should consider the British consortium.
For other companies, there is no need for us to focus only on these companies."
Sumitomo Qiying, Li Jianxi and others all know that Li Guangyu doesn't care whether these companies can be acquired or not. The major groups under the Li Group are expanding crazily. Just a few days ago, Xiangyu Culture Group announced that it will open in Seoul and Tokyo
, Taipei, Singapore and other places simultaneously established Xiangyu Comic Theme Park.
In Xiangjiang, it was even announced to build a university town, and several of its groups are involved in the development of it.
Several major real estate groups in Japan have also launched a prelude to crazy expansion. Now the Lee Group has little thought at all about the acquisition issue in England.
If Sumitomo Qiying hadn't personally called Li Guangyu this time and invited Li Guangyu to come to England before, I'm afraid Li Guangyu wouldn't even have the intention to come.
Although the South Korean consortium represented by Li Jianxi was interested in acquiring the British Petroleum Company, looking at such a high price and comparing its own strength, it felt that it was unnecessary to continue bidding like this.
The first quotation of Saudi Investment Company was 35 pounds per share, which was definitely not their final quotation. If this continues, it is likely to be a loss-making business for Yingya Investment Company.
Saudi Arabia and the Kuwaiti royal family are different. With this oil company, they can increase the value of their products. They do not need to export crude oil on a large scale. Only by selling products can they obtain higher profits, so they do not care if the purchase price is higher.
Li Jianxi said: "I also think we can wait and see for the time being to see how other parties react. Although we are also in great demand for oil, it is not cost-effective to send money to the British government like this."