0252 Meeting Two
United European Steel Association.
The content of the meeting was simple but complicated, and the issues discussed involved all aspects.
After Li Zitao made a brief speech, he handed over the negotiation issues to the team behind him, and he was only responsible for making decisions on the results.
The long and smelly legal clauses, various obligations, treaties that need to be observed, etc., made his patience gradually disappear.
When he finally left the castle, Li Zitao felt disgusted with the castle. Those damn old guys were so boring.
"Charlie, you have to learn to get used to it. They have great influence on both labor and management, and many of them have knighthoods."
Rest home for veteran cadres?
He seems powerless, but if you really don't take him seriously, he will cause trouble for you later, and maybe even capsize.
14:00, Albed Headquarters.
Li Zitao met the management representatives at the Iron and Steel Association again, but their positions were changed to under the wall.
Sitting at the conference table, the well-dressed gentlemen are the real decision-makers who decide whether this merger can proceed smoothly.
"Here are the reports about Bethlehem in the past three months. Of course, we have hidden some of the most critical parts, but I believe you can see its value.
The merger between fsc and Bethlehem is about to end, but the new company will become the second largest steel company and the largest copper mining company in the United States.
Its mineral exploration in South America has produced very surprising results, and you will receive relevant information before the merger and acquisition is officially launched."
fsc has made extremely amazing discoveries in Peru and Chile in South America.
In order to obtain the survey permit, fsc paid a large amount of public relations fees, but now it seems that everything was worth it.
"I believe you have an in-depth understanding of Albedo before coming here. As the largest steel company in Luxembourg, it occupies 5% of the global steel market.
I have to admit that the new Bethlehem has potential, but compared to Albed, it is only a small company, and I want to know, how much do you want to get?"
"Rogeroff, the executive director of Albed, is responsible for the specific operations and development direction of Albed." Jean explained softly in his ear.
Looking at that stubborn and old-fashioned face, he knew that he was meeting a representative of the real power faction.
It was just his disparagement of Bethlehem that made Li Zitao a little unhappy, "A small company, even American Steel Company dare not say that. Did he take the wrong medicine?"
"43.5%, and you can't measure its value by market value." Li Zitao said while holding back the unhappiness in his heart.
Using market capitalization to measure a company's value, there is no valuable company in the United States.
There are many company stocks in the stock market that have dropped to 10 cents, including American Telephone and Telegraph Company, Bethlehem Steel, and American Steel Company.
But in the stock market, you can't see circulating stocks at all, let alone buy them.
"This is our final price for Bethlehem." Ben handed over a report.
"Ridiculous price." Seeing that Bethlehem's share price after the merger was US$380 million, Roger put the report on the table with contempt.
Bethlehem Steel, the largest copper mining company in the United States, and the American market are all things they are interested in.
Especially the North American market, the whole world is currently in a severe winter, and only the markets in Japan, Spain, North America, China and other places are still developing vigorously.
Global steel demand has been falling again and again, especially in the European market, where a large number of factories have been shut down and industrial development has been at a standstill.
However, North American automobiles, aircraft, cruise ships, warships, including a large number of light industries, are still proceeding in an orderly manner according to the original plan.
If it can break into the North American market, falling profits will rebound again.
However, the shareholders' meeting headed by Rojef also has their concerns.
Li Zitao obtained 30% of the shares from the Grand Duke family, and now has absolute control over fsc on the condition that it merges with Bethlehem.
Under such circumstances, if Bethlehem merges with Albed, dominance will most likely fall into his hands.
"Besides," Rogerev looked at Jean with a vague look, then quickly looked away.
Hehe, seeing the other party's performance, Li Zitao laughed out loud, 'It's ridiculous, I'm just spending my days here instead of enjoying myself, and I came all the way here to make you happy. Do you think I'm a clown?'
"Well, that's true." Li Zitao nodded and smiled, extending his hand to Ben Yi.
Ben handed another statement in his wallet to Li Zitao. The book said Albeid's valuation of 1.12 billion.
His sneer eyes swept over the report form. Li Zitao loosened his fingers and the report form fell downwards like fallen leaves. He said in a disdainful tone: "It's just a piece of shit. The person who filled in this number has nothing in his head."
Filled with shit?”
"You." Rodger slammed the table, stood up and pointed at him, his fingers trembling.
"Hey, you guys need to calm down." Rang rubbed his forehead with a headache.
"This is an insult to me and all the shareholders here." Rojef roared angrily.
"Then what are you doing? Using your pitying eyes to mock a marquis. Who gave you such a right, Queen?"
Li Zitao stood up with a gloomy expression. His tall figure, strong muscles, and young face all carried an obvious sense of oppression.
"I, I was just talking about the price, this is a transaction." Rojef said with evasive eyes.
"Yes, this is a business, I'm just stating my position." Li Zitao stepped on the report and sat down sarcastically.
"Put away your so-called arrogance. This is a win-win cooperation for you, me, and everyone here. It's not me begging for your charity."
Grabbing the gold chain under the collar, he took out his pocket watch and opened it to look at it. Li Zitao turned to look at Rang, his gloomy expression immediately cleared up and said, "I'm going to have afternoon tea, do you want to join us?"
He just took Jean away, leaving behind a group of shareholders who were meeting each other, and Ben who was looking at them with pitiful expressions.
A group of little lambs who are confused about the situation. Do they think they are facing a beggar who is begging for mercy and waiting for alms?
Walking out of the building, Li Zitao was still feeling a little irritable. Do these idiots who cling to their status as great powers still think that this is the era when they can plunder everywhere with long spears and short sticks?
The arrogant attitude, the disdain in his bones, and the greedy look like a vulture made him want to smash their heads with the butt of his gun.
He was very greedy for Albed, but he didn't have other options.
RB's steel technology and India's steel companies have the same attraction for him, and both are simpler to operate.
Chapter completed!