In addition to not exposing his cooperative relationship with Cao Mo prematurely, Atlantic Bank's investment in West African Cement Group is not under Sturgeon's jurisdiction. It is impossible for him to directly stand up and promote the merger of West African Cement and Cornero Cement.
matters.
However, just because Sturgeon cannot step forward does not mean that he cannot find a replacement.
In the early days of the West African Cement Group, the Stanning family took over the Ogun State cement factory run by the military government in the eastern part of Draculamo, and developed on this basis. Subsequent external investors introduced during the rapid expansion process include
Financial investment institutions such as Banco Atlantica also have private investment companies.
At least before the subprime mortgage crisis swept the world, the building materials market in the Gulf of Guinea was still like an attractive gold mine. The Stanning family had offended too many people before and was forced to accept the participation of some investors. Who could have imagined that the situation would change.
So fast?
For financial investment institutions such as Atlantic Bank, as well as trust funds that take money from other investors, they need to be relatively calm, and perhaps have the patience to wait for the market to turn warm.
However, for those investors who have bet most of their wealth, or even all their money, on the West African Cement Group, they may be facing anxiety at this time, just like Sturgeon when Avina first arrived in Draculamore.
I was in panic all day long.
Federal Congressman Bertich Gehry is such a person.
His family holds 4% of the shares of West African Cement Group, and Bertich himself also directly serves as a director of West African Cement Group.
The economic crisis sweeping the world has caused heavy losses in the Gehry family's investments in other fields, and even has a lot of holes to fill. The stake in the West African Cement Group is the core asset on which the Gehry family places great hope.
No one dares to imagine what kind of trouble the Gehry family will be in after the collapse of the West African Cement Group.
Just like when the Ding family and Dongsheng were in debt crisis, there would always be people like Dong Chengpeng who were eager to find a way out like a drowning man. During this period, Bertich Gehry was also anxiously looking forward to a turning point.
Sturgeon Foster issued trust funds in the name of Atlantic Bank to support the development of Fulkov Investments. The Gehry family also participated in the investment of trust funds, so Sturgeon and Bertich had a pretty good personal relationship.
Sturgeon came to the door and offered to introduce him to Bertici, the main investor behind Cornero Cement. The next day, Gehry couldn't wait to follow Sturgeon and secretly rushed to the lakeside wooden house of the Ibogu tribe to meet Cao Mo.
meet.
As a federal congressman and a congressman who came out of Draculamore, Bertici Gehry has witnessed with his own eyes the development miracles taking place along the shores of Lake Cornero and knows more details than ordinary people.
However, Cornero Cement and the West African Cement Group have always been in a direct competitive relationship, and Bertic Gehry, Blake, Ochosan and others belong to different political parties, so they have always kept a distance from each other before.
What contact.
Hearing Sturgeon mention the plan to merge and list Cornero Cement and West African Cement, Bertich Gehry could not wait to sell his family's shares directly to Tianyue Investment.
Of course, the Gehry family only holds 4% of the shares of West Africa Cement Group, so Cao Mo will not be interested. What he needs is the help of Bertich to make the entire merger plan come to fruition as quickly as possible.
Otherwise, it is meaningless.
Cao Mo didn't think that it would be a good thing for Cornero Cement to defeat the West African Cement Group simply from the market.
If they really want to do this, the Stanning family, who are not willing to surrender, will join forces with other investors who have suffered heavy losses and will definitely try their best to create more and greater troubles for them. That day Yue was forced to fight on multiple fronts in West Africa.
The investment circle of Dracula Mo is actually very narrow. Even if none of the investors of the West African Cement Group is a board member or other senior executive of the Evans Foundation, they are still involved in various ways, either indirectly or directly.
The Stanning family even approached the Evans Foundation, but the Evans Foundation was not interested in making industrial investments in Africa.
Merge and turn powerful enemies into allies. Even though some of the allies may have ulterior motives, it can further consolidate Tianyue's foundation in Kanem.
In front of Bertich, the "drowning man" who regarded Tianyue as the last straw, Cao Mo and Sturgeon did not hide that Tianyue and Furkov Investment had already secretly reached a cooperation to fight against Evans.
Many facts about the foundation.
They also emphasized to Bertich that in order to prevent the Evans Foundation from stepping in to disrupt the situation, the board of directors and investors of the West African Cement Group need to come up with a plan that is in the interests of both parties as soon as possible.
Considering that Draculamo's investor circle is so narrow, and even West African Cement Group has some investors, it must also be considered that even if West African Cement Group only discusses the merger plan internally, the news may still leak out in advance.
Cao Mo discussed with Sturgeon and Bertich that they had better find two or three "opponents" from the investors of the West African Cement Group to stand up and disrupt the view, and ask the Evans Foundation to stop them even if they heard some rumors.
I won’t pay attention to it right away…
…………
…………
As an investor and director, Bertich actively mediates and coordinates among other board members and investors. Sturgeon also actively influences investors who have had contact and business dealings with him.
By the end of November, the board of directors of West African Cement Group reached a consensus on a merger and reorganization. The plan was basically consistent with the plan originally envisioned by Sturgeon, which was that the Stanning family gave up its operational control over West African Cement Group and merged it.
Into Cornero Cement.
The Stanning family is quite resistant to the valuation of Cornero Cement at US$1.5 billion and the valuation of West African Cement Group at US$500 million, but investors are still quite able to recognize the reality; they even know very well that the assets of West African Cement Group are only
Only by merging it into Cornero Cement can the proper valuation be reflected, otherwise it will be a negative equity - at least it can no longer compete with Cornero Cement using normal market means.
In order to cooperate with the advancement of the merger plan, Cornero Cement has distributed new plant construction plans in Cotonou, Benin and Dahomey in Akwa. Without merging, Cornero Cement faces 4 million in two years.
The Stanning family, which had been hit hard politically, finally chose to succumb to the plan to build a new factory.
On the last Sunday of November, Quinn Stanning, chairman of the board of directors of the West African Cement Group, visited the Ibogu tribe and met with Cao Mo. The two parties signed a memorandum to promote the merger and reorganization of the two major cement groups.
After the merger, the shareholding of Tianyue Investment in the new cement group will be adjusted to 52.5%; the shareholding of the management headed by Yang Deshan and Wendy Scarf plus Felician and the four Sika families will be adjusted to 22.5%;
The shareholding of the Stanning family and investors of the original West African Cement Group was adjusted to 25%.
The total production capacity is similar, the investment in building the plant is similar, and the valuation of West African Cement at the time of the merger was only one-third of that of Cornero Cement. Everyone who talks about it will shed tears of bitterness.
In order for the New Cement Group to meet the requirements for a direct listing in Draculamo, and also to increase its rights and interests in the New Cement Group, the Stanning family and investors need to prepare additional funds to form a trust investment fund, which will be obtained from Tianyue Investment.
Acquired 22.5% shares of New Cement Group.
The disagreement is the price of this stake.
Cao Mo's bottom line is that the conversion of these shares cannot be less than 500 million U.S. dollars, but Cao Mo doesn't care whether it is acquired in cash, exchanged with corresponding assets, or cash plus assets, and he can accept it.
By the end of November, there were still no signs of recovery in the global economy. The Stanning family and other investors had extremely limited cash on hand, and were unwilling to consume the scant cash flow at this juncture.
Under the mediation of Bertich and Sturgeon, the Stanning family and investors finally agreed to pay 190 million US dollars in cash, plus 12% of the shares of Atlantic Bank, and at the same time sell Fulkov
The debt with a total investment of US$200 million was taken out and merged into the new trust investment fund, and 22.5% of the shares of the New Cement Group were acquired from Tianyue Investment.
The two parties also agreed that these shares would have priority in the company's assets, profit distribution, listing and exit, etc., but they would need to give up the right to vote on the company's affairs - this would ensure that the company's decision-making power is always controlled by Tianyue Investment, which is Cao Mo's
in hand.
The two parties agreed that if the new cement group cannot be successfully listed within five years, the major shareholder Tianyue Investment needs to repurchase these shares with interest to protect the interests of investors.
In order to strengthen the concept that the new cement group is a Kanem national enterprise, the final company name was West African United Cement Group, weakening the traces of the "Koneiro" family.
As for Sturgeon Foster personally, he is more concerned about the last two trading chips.
Tianyue Investment obtained 12% of the shares of Atlantic Bank from other investors. Without capital injection, it will become the second largest shareholder of Atlantic Bank after the Foster family. At this time, it only needs Cao Mo's support.
Turgeon would undoubtedly be able to secure his current position as senior vice president of Bank Atlantic.
More importantly, the debt of about 200 million U.S. dollars from Fulkov Investment was transferred to Tianyue Investment through a swap, removing the last landmine Sturgeon stepped on.
The investor circle of Dracula Moor is really very narrow. Among the investors in the expansion of the West African Cement Group, a small number of them also participated in the trust fund issued by Sturgeon in the name of Atlantic Bank and actually invested in the trust fund invested by Fulkov. Both sides
More investors have other indirect or direct relationships.
As a senior executive of Bank Atlantic, Sturgeon Foster issued trust funds but used them to invest in companies that she secretly controlled. This was of course a shady behind-the-scenes operation.
Once he was stripped of his position at Atlantic Bank and the affair was revealed, the Fulkov investment he had worked so hard to build would collapse.
This is the Sword of Damocles that can take control of Fulkov Investment Company away from him at any time.
During this period, Sturgeon was more active than Bertich in secretly transferring most of the debt to Tianyue Investment through layer-by-layer replacements; in addition, he also persuaded some investors
, will exchange equity for the investment in the trust fund or allocate part of the funds separately, so that he can eventually settle all these shady trust funds.
At this time, even if Awenna wakes up completely, she will be unable to do anything to him.
After Tianyue Investment gets these debts in its hands, it will not continue to hold them, but will directly convert them into shares of Fulkov Investment in exchange for 35% of the equity of Fulkov Investment; other investors
Through the exchange, Fulkov Investment will also hold 15% of its shares.
Although the Oppenheimer family previously held a 20% stake in Fulkov Investment, the company's asset structure had huge liabilities and most of the debt was converted into equity, so the Oppenheimer family's shareholding was directly reduced to 6
%.
At the same time, Sturgeon will personally transfer 20% of his holdings to Conero Lake Industrial Park to offset the US$120 million in funds that Conero Lake Industrial Park secretly lent to him through trust funds; his personal final
Fulkov Investment will continue to maintain a 24% stake.
In order to ensure that Fulkov Investment has more cash and strengthen its investment in Newport City and Petrochemical Group, Cao Mo also plans to invest US$80 million in the name of Tianyue Investment to invest Fulkov Investment in Cornero Energy.
8% of the shares held were acquired.
All agreements were signed before the end of December. Tianyue Investment's shareholding in the new West African United Cement Group was adjusted to 30%, but it jointly held 52.5% with four major families including the Felician family, and the voting rights were even more
As high as 67%, maintaining absolute control over operations - in the end, only the Stanning family and Bertich obtained two directors' seats on the board of directors of West African United Cement Group.
Tianyue Investment directly holds 8% of the shares in Conero Energy, while the listed company Tianyue Industrial holds 60% of the shares in Conero Energy - at the end of the puncture, Tianyue Investment's actual shareholding in Conero Energy is 26%
, but also has absolute control.
Tianyue Investment directly holds 35% of the shares of Fulkov Investment, and Cornero Industrial Park holds 20% of the shares of Fulkov Investment. At the end of the puncture, Tianyue Investment actually held 42% of the shares of Fulkov Investment.
Also took over absolute control from Sturgeon Foster.
Tianyue Investment directly holds 12% of Bank Atlantic’s shares.
Tianyue Investment directly holds 70% of the shares in Yibogu Mining.
Sturgeon officially issued a portion of the trust fund in the name of Atlantic Bank, gathered a group of small and medium-sized investors, and acquired a portion of Cornero Foods and Gulf of Guinea Shipping Company shares from Tianyue Investment, making Tianyue Investment interested in these two companies.
The shareholding was reduced to 50%.
Through a series of equity transfers in the past two months, Tianyue Investment's account received a net cash of US$300 million.
Before the West African Cement Group officially proposed the merger plan, Cao Mo suddenly took out 150 million US dollars in cash from Cornero Cement's account to distribute dividends, and Tianyue Investment received 100 million US dollars in cash.
In addition, Ibogu Mining still has US$700 million in cash and gold in its accounts.
After a series of agreements were signed, the cooperative relationship between Cao Mo and Sturgeon was officially revealed to the world.
Because it involves the debt-for-equity swap for Fulkov Investment, Nitz Oppenheimer and Nsanger, as the main shareholders of Fulkov Investment, naturally knew about all this in advance before the official news was made public.
However, even if the Oppenheimer family's shareholding in Fulkov Investment was significantly reduced this time, they had no other more pragmatic choice other than trying to show their willingness to accept it.
…………
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Guo Jian also delayed his return to China until mid-November and stayed in the country for a month. In addition to reporting on the construction and trial production of Fulkov Petrochemical Industry, he also acted as a lobbyist for Liang Yuan and persuaded Han Shaorong and the New Steel Alliance.
senior management, working with the Evans Foundation and Lekki Mining.
The construction of the Bosso-Katero railway is a large project. The focus of the early cooperation is the acquisition of the Bosso iron ore by Lekki Mining and the construction of a concentrator that has been dormant for 20 years. The Katero Steel Plant has to sign a long-term purchase agreement with it.
Ensure that the concentrated iron ore from the Bosso Iron Mine can be stably supplied to the Catero Steel Plant at a price slightly higher than the cost.
The transportation cost cannot be reduced, and the grade of the ore is slightly worse. The agreed price is definitely higher than the refined iron ore in the Akwa Mamba area transported to the smelting furnace of the Catero Steel Plant through the rail-sea connection, but the current price
The problem is that without compromise, Catero Steel Plant will not be able to operate normally.
Of course, when the Botie-Katro railway is successfully constructed in the future and transportation costs drop significantly, even if the grade of Boso iron ore is slightly worse, the final cost will be quite limited, no matter how higher it is than the Mangba concentrate iron ore.
The operation team of Catero Steel Plant is the backbone of New Steel Union. Yu Jinjie is very familiar with the situation of Bosso Iron Mine. Finally, with Han Shaorong's persuasion, he agreed to this plan and let Catero Steel Plant operate first.
There is no second large or medium-sized steel plant in the Gulf of Guinea. The nearest large-scale steel plant is located in South Africa. This also means that the Catero Steel Plant uses the concentrated iron ore from the Bosso Iron Mine at a high price. As long as it is managed properly, it can still squeeze out some.
Profit margin comes.
With such a result, Guo Jian returned to Draculamore happily. He thought that it would be difficult for him to do other private work and he did not have enough capital, so he planned to register a mechanical and electrical equipment and parts company in Draculamore.
Import and export trading company.
The Catero Steel Plant and the Bosso Iron Mine are huge, and they need to be repaired every year, and a staggering amount of mechanical and electrical equipment is replaced. He just thought that if he could get a small bite of fat from them, it would be enough to have a night club.
He did not expect that news came one after another about Draculamo, Cornero Cement and West African Cement Group merging to form West African United Cement, Tianyue Investment taking a stake in Atlantic Bank, and acquiring the controlling stake of Fulkov Investment through a debt-for-equity s
And arrived.
Furkov Investment holds 85% of the shares of Furkov Petrochemical. Cao Mo directly or indirectly controls Furkov Investment, which actually tightly controls Furkov Petrochemical.
At the same time, Falkow Investment also holds 25% of the shares in Cornero New Port City, and merged the 35% shares held by Cornero Lake Industrial Park, which also means that Cao Mo has officially seized the shares of New Port City.
Guo Jian hesitated for two days before reporting the information to Han Shaorong.
"Your fucking eyes are filled with shit, or you've been eating shit all day long! You don't know anything, now tell me you're a fucking waste..."
Han Shaorong's furious voice roared from the phone. Liang Yuan sat on the sofa opposite, silently looking at Guo Jian's face that turned red after being lectured by Han Shaorong on the phone but did not dare to refute a word.
Although it is still unclear why Sturgeon handed over control of Fulkov Investments to Cao Mo, one thing is clear now, that is, Sturgeon had secretly colluded with Cao Mo.
Liang Yuan was also full of regret at this moment:
Looking back at this time, Huang Hebin and Yan Zhicheng returned to Draculamore. Sturgeon, as the actual controller of the Ferkov Petrochemical Group at the time, accepted Huang Hebin without rejection to take charge of the renewal and development of the Ferkov Petrochemical Group.
In the follow-up operations, no manpower was even deployed in the follow-up, and Huang Hebin came in to check and balance. He should have guessed that there was something wrong with Sturgeon.
He knew before that Yan Zhicheng had a problem, so why didn't he think more deeply about it?
Of course, it was too late to say anything now. Seeing Guo Jian hang up the phone in frustration, Liang Yuan patted him on the shoulder comfortingly and said: "Ryan Fortis and us did not expect that Sturgeon would turn up early."
Sturgeon took refuge in Cao Mo, but this also further confirmed that Cao Mo was behind the Calero incident in Akwa in October - Sturgeon worked in Algeria as a senior vice president of Bank Atlantic between July and October.
Kewa is extremely active, and has approached Badinai and Little Savvy many times in this capacity. Cao Mo has succeeded for a while now, but he doesn’t know what will happen if he dies and offends the Savvy family who controls Akwa’s power.
As a result, the top management of the Evans Foundation has completely woken up this time, and they are extremely angry about this. I believe they will give Leth Fortis greater support in the future - let’s see how many days he can still bounce around!”
"That being said, it is possible that the construction plan of the Bosso-Katero Railway will be implemented earlier than expected, but..." Guo Jianxin felt as if his head was stuffed with a ball of thatch, and he sat back on the sofa in frustration and said,
"Mr. Han just promoted on the phone that Dong Chengpeng will go to Draculamo to take over the office. In addition to the directors of Fulkov Petrochemical and Cornero New Port City, Mr. Han also communicated with New Steel, Xihai Steel
, Catero Steel Plant will add a new director, Dong Chengpeng will serve as..."
Liang Yuan personally holds 22% of the equity of Xihai Steel. His positions in Xihai Steel and Catero Steel Plant will not be deprived of him. Dong Chengpeng's participation is only to exercise his authority on behalf of Huamao Capital's shareholding, but Liang Yuan also has some concerns in his heart.
feel bad.
Liang Yuan would never forget that Guo Jian said that it was Dong Chengpeng who first proposed Huang Hebin's return to Draculamore to Han Shaorong. He was curious that Han Shaorong still hadn't thought about Huang Hebin's problem.
Of course, Liang Yuan also knew that Han Shaorong was just using him at first and had no real trust in him. He thought that maybe when Dong Chengpeng went to Dracula Mo and got the real evidence that Dong Chengpeng and Cao Mo secretly colluded, he might be able to truly convince Han Shaorong to trust Dong Chengpeng.
Huamao is basically Cao Mo's counter-intentional plan!
Liang Yuan's mind was wandering, and Guo Jian didn't notice what he was thinking. He just felt painful about losing what he had gained so easily:
Han Shaorong did not say that he would be called back, but after Dong Chengpeng arrived at Draculamore, he could only be regarded as Dong Chengpeng's assistant at best.
Huang Lingli, who has always ignored him, will probably sit on his head and poop and pee in the future, right?
In this situation, even if Liang Yuan's promise to him remains unchanged, how could he register a private trading company to take over the private work of Catero Steel Plant?