Reborn Russia As An Oligarch

   Chapter 592 Russian Automobile Group

   Fudge is naturally impossible to be fooled.

  Although Wang Ye was not too concerned about this acquisition, it was only because someone was concerned about him.

  Katya, and the acquisition team formed by Polar Bear Investments, have been fighting this for months.

   All the details and terms, I don’t know how many times they have been scrutinized, so it can be said to be foolproof, just sign the final payment!

   The signing ceremony was naturally held at the Ford headquarters, and Katja led the team there, but Wang Ye did not go.

   On the American side, he is now a shadow.

   I went there last time, and that incident happened. Although I took revenge at the time, it still made Wang Ye feel a little uncomfortable.

   Anyway, he won't go if he can, and he has nothing to do.

   And this kind of business acquisition, in his current status, is not very suitable for it to appear.

   In terms of business, Wangye's current practice is to hide behind the scenes and control it, and try not to appear on the surface as much as possible.

  …………

  On November 8th, major media all over the world reported a piece of news.

   That is a mysterious capital from Russia, which acquired the three major brands of Ford Group in one fell swoop, Volvo, Land Rover and Jaguar!

  The transaction amount is as high as 4.2 billion US dollars!

   Originally, the Ford Group was selling off its sub-brands. This is something that many people know, and many car companies are in contact with the Ford Group, hoping to pick up something.

   But I never imagined that someone would start so fast, and suddenly took out so much cash to buy three brands in one package!

   And those car companies that want to drag time and lower prices will regret it.

   As a domestic media in Russia, it naturally promoted the news with great fanfare, and almost all TV stations broadcast it at prime time.

   The reason why it is said to be a mysterious capital is because the company that acquired three brands is a little-known new company, and it was even registered just before the acquisition!

   The name is "Russian Automobile Industry Group", referred to as "Russian Automobile"...

   Oh, this is not the same thing as the "Gazprom" that Alexei worked in before. The full name of that company is "Gazprom".

   dares to start with the name of the country, which naturally shows that the background of this company is not simple.

   Of course, this is where Wang Yegang was registered and intends to use it to acquire the companies operating those three car brands.

  The establishment of his company and the acquisition of three major brands did not cost him a penny!

  According to what he had negotiated with Alexei, Wang Ye first registered the Russian Automobile Group without any capital injection. It was basically a leather bag company.

   Then in the name of the Russian Automobile Group, five billion US dollars of corporate bonds were issued in the bank controlled by Kovchenko.

   And Alexei instructed the financial staff in the department to go and buy all the five billion dollars in corporate bonds.

   Of course, apart from the Ministry of Energy who will buy it, no one else will take advantage of this...

   In this way, the Russian Automobile Group has a full $5 billion in funds, and spent 4.2 billion to acquire the three sub-brands of the Ford Group.

   We still have $800 million in cash left!

  Strictly speaking, although this whole process is legal and compliant, it is still problematic.

   is equivalent to drilling a loophole in the regulations.

   Really, if someone uses this to make a fuss about it, it depends on whether Wang Ye can withstand the pressure, and if he can withstand it, then there will be no problem.

If    can’t handle it, then the Ministry of Energy may not be a big problem, but Wangye, a group company, will definitely be doomed.

   Actually, this is what Wang Ye did deliberately.

   He wanted to see if anyone would come out and accuse him.

  Unfortunately, until the funds were in place, the brand was acquired, and there was no movement.

   It seems that all the forces have tacitly agreed that Wang Ye’s operation is no problem, which made Wang Ye feel a little bored.

  …………

   has completed the acquisition of the car brand, and Wang Ye has another title, which is "Chairman of the Russian Automobile Group".

  Like other companies, Wang Ye still does not manage the company himself. Originally, the three brand companies had their own management teams, and they basically stayed after the acquisition.

  The design and marketing departments are still in the same place, but the production, he plans to slowly move to Russia.

   Otherwise, this acquisition would not have achieved the meaning it should have.

   In the auto industry, his goal is not to make money, but to drive the overall development of the Russian industry!

  Many people are aware of this, because if you really want to make money, there are more industries worth investing in.

  This billions of dollars, if you go to buy oil fields, natural gas fields, gold mines, etc., it will not be more profitable than buying a car!

  Why does Ford sell so many sub-brands, not just because of its one company, but because the entire auto industry is not very prosperous.

  Otherwise, these brands would not be able to "picked up" by Wang Ye.

   The price of 4.2 billion US dollars does not seem low.

   But you must know that the acquisition of three car companies!

   And they are all well-known brands in the industry, especially Land Rover and Volvo, which are definitely high-quality assets.

   Maybe this is why there were some small problems in his acquisition process, but no one jumped out to make trouble.

   "Just bought it? Will Jaguar Land Rover Volvo be our brand in the future?"

  In the office, Wang Ye and Rosiana are looking at the final acquisition contract.

  Rosiana asked in disbelief.

   Although she participated in the whole process, including Wang Ye going to fundraise, she also followed.

   But too soon!

   In the blink of an eye, several world-renowned car brands have been captured by Wangye!

   Her family is also in business, and it is quite big, and it is not that there has been a similar acquisition case.

   But, when can a big acquisition of billions of dollars be so refreshing...

   I feel that these billions of dollars are nothing like money in Wang Ye's eyes!

   "Oh, yes, we have to support our own company in the future. Let's change your Ferrari. We can give you a friendly price. Volvo Jaguar Land Rover can choose whatever you want." Wang Ye joked.

  These brands, of course, cannot be compared with Ferrari...

But Rosiana really took it seriously. She thought about it and said with a smile: "I don't need to replace it, but I can buy a new car, then Land Rover. People who don't know think I'm a big sister, hee hee."

  Wang Ye's heart moved, yes, now these brands are all his own.

  Then you have to support yourself first, otherwise, if you even drive another brand of car, why should others support you?

   It's better to replace all your own team first...

   (end of this chapter)