Resource Tycoon Reborn

Philip looked at Westbrook and Fang Mingyuan with a smile. He knew that Fang Mingyuan should have some actions against the Rio Tinto Group. Over the past year, the Rio Tinto Group had been fighting endlessly with the BHP Billiton Group over the acquisition case.

, on the one hand, they are also competing with the Chinese Iron Ore Negotiation Group represented by the Liaoning Iron and Steel Group Company, which is an out-and-out subsidiary of the Fang family, plus the Australian Haiping Mining Company and the Brazilian

CMM Company and Rio Tinto Group Company are peers again...

Sir Brunel was also listening and playing with the wine cup in his hand. The reason why he agreed to this invitation could be said to be entirely for Fang Mingyuan's sake, and he wanted to know more about why this young man was able to do what he did.

These are achievements that even old people like them who have experienced all the vicissitudes of the world are amazed by. As for Rio Tinto Group and Westbrook, hey, I wanted to buy him a noble knight and many companies in one meal.

The president of the company must have underestimated him too much.

Westbrook tried several times, but Fang Mingyuan calmly blocked him. Even when Westbrook suggested that Rio Tinto Group could consider letting Haiping Mining Company take a stake, Fang Mingyuan also flatly refused. At this time, Haiping was asked to

Mining companies have waded into this muddy water, and Rio Tinto Group has no good intentions at all. Not to mention that in this way, Rio Tinto Group's stock price will receive strong support, relieve the huge pressure from shareholders, and also provide China Aluminum

Co., Ltd. to strive for more favorable conditions for Rio Tinto Group Company in the negotiations. However, Haiping Mining became a sacrifice placed on the altar by Rio Tinto Group Company. The snipe and the clam competed, and the fisherman got the best

profit!

Besides, now that everything is ready, we are just waiting for BHP Billiton Group Company to announce that it has given up its acquisition of Rio Tinto Group Company. By then, taking advantage of the violent fluctuations in Rio Tinto Group Company's stock price, we can naturally grab a large number of shares.

, wouldn’t it be better if we don’t have to compete with Huaxia Aluminum Co., Ltd. to attract infamy?

After several attempts without success, Westbrook had no choice but to change the topic. Everyone chatted about the country. Westbrook also talked about some situations in Australia. Fang Mingyuan also casually talked about China's domestic economic development, including the steel industry.

Everyone listened more seriously to the situation. No one would turn a blind eye to the huge market in China, and among everyone present, Fang Mingyuan was undoubtedly the one who had the most say.

Then, Westbrook turned the topic to HSBC Holdings Co., Ltd., saying that Rio Tinto Group hopes to borrow one billion U.S. dollars from financial institutions under HSBC Holdings Co., Ltd., and hopes that the three of them can help one or two by then.

There was neither rejection nor agreement, and Westbrook didn't care. After all, this was a loan of one billion U.S. dollars, not one hundred thousand U.S. dollars. Although the three of them were directors of HSBC Holdings Co., Ltd., they couldn't agree rashly.

As long as the three people don't express their objections by then, it will already be a great success.

"The acquisition case between BHP Billiton Group Company and your company has been going on for a long time now, and it has wasted countless time and energy!" Philip sighed, the reason why Rio Tinto Group Company was targeted by BHP Billiton Group Company, and it has always been

Without effective anti-takeover measures, the bottom line is that Rio Tinto Group expanded blindly and swallowed the consequences of Alcan. It was originally thought that after acquiring Alcan, Rio Tinto would become the world's largest

The primary aluminum producers further consolidated their position in the mineral resource mining industry, but they did not expect that Aluminum Company of Canada, which they thought could continuously provide profits to Rio Tinto Group, would become Rio Tinto Group's

The financial black hole not only fails to provide profits, but also swallows up the profits of other companies in the Rio Tinto Group. It also burdens Rio Tinto Group with heavy debts, which gives BHP Billiton Group an opportunity. Therefore, in cross-border mergers and acquisitions, we must

Proceed with caution.

Westbrook spread his hands with a wry smile and shrugged: "We are also victims of this problem."

"Rio Tinto acquired Alcan at the wrong time and in the wrong way, and also chose a strong rival. Your company's decision-makers have a lot of responsibility for the situation we are in today!" Sir Brunel suddenly said

Interjected.

Fang Mingyuan and Philip nodded slightly. Sir Brunel's words can be said to go straight to the core of the problem. Rio Tinto Group's acquisition of Alcan was at a time when the subprime mortgage crisis in the United States had already emerged, and it was also a global crisis.

Aluminum prices have reached their peak in the past two decades, which made Rio Tinto Group's assets overvalued when it acquired Alcan. Shortly after the acquisition, aluminum prices plummeted due to the financial crisis caused by the subprime mortgage crisis that spread around the world.

Big drop!

Moreover, because Alcoa, the world's third largest aluminum company at the time, was also acquiring Alcan, in order to seize the opportunity, Rio Tinto had to offer an exorbitant premium, which was higher than Alcoa's offer.

It’s almost five billion US dollars higher! Although this offer caused Alcoa to quickly withdraw from the competition, it is estimated that Alcoa is also secretly rejoicing now. Fortunately, Rio Tinto stepped in.

, otherwise, Alcoa will now have a headache.

As for the wrong method, it means that the Rio Tinto Group used debt to raise acquisition funds, which caused the debt of the Rio Tinto Group to nearly double, and the debt ratio exceeded 70%! This is

Not only did it severely restrict the subsequent business development of Rio Tinto Group, but it also burdened Rio Tinto with heavy interest payments. In addition, due to the sharp drop in aluminum prices, the return on assets provided by Alcan to Rio Tinto Group was even lower.

Considering that it will take time to reorganize and integrate the original aluminum assets of Alcan and Rio Tinto after the acquisition, it also seems too low.

Fang Mingyuan also knew that in his previous life, after the financial crisis, Rio Tinto Group began to gradually reduce its assets in the aluminum industry and divest those assets with poor profit prospects. If he hadn't had no intention of getting involved in the aluminum industry now,

A kick, otherwise, it would be a good opportunity.

"Huh?" Fang Mingyuan noticed Westbrook's somewhat embarrassed expression, and then looked at Sir Brunel in surprise. Although he was telling the truth, Sir Brunel seemed to say it in front of Westbrook.

It's a bit too disrespectful to give him face. Although Westerners don't care about this as much as Easterners do, it can be regarded as social etiquette. Unless there is a feud between the two parties, otherwise, you still have to keep some sense of restraint.

"Alas..." Fang Mingyuan sighed softly in his heart. He had reminded him that Chinese white wine has a long staying power. I guess Sir Brunel doesn't drink much white wine, and he also mixes red wine with white wine. Now

Judging from his appearance, his cheeks were red and his eyes were blurry. He was obviously a little drunk. No wonder he spoke so directly.

Westbrook also discovered that Sir Brunel must have been a little drunk, so although he felt a little embarrassed, he was helpless. Not to mention that what the other party said was the truth, and he could still talk to a drunk person.

Is it true? Besides, Sir Brunel's social status in the UK is far above him. Even if this word spreads, what can he do to Sir Brunel?

"Mr. Westbrook, it's already past eleven o'clock in the evening, Sir, he also needs to rest. I think that's it for today." Philip picked up the wine glass and said with a smile, "For this last glass, thank you Mr. Westbrook for today."

of hospitality.”

The group of people left the Fang Family Restaurant, Sir Brunel's entourage was supporting him, and Angelina was supporting Philip. Although he did not drink as much as Sir Brunel, the wind blew him lightly.

A bit drunk.

At the moment the car drove away, Fang Mingyuan noticed that one of Westbrook's entourage squeezed to Westbrook's side and whispered something, and then Westbrook's face changed. It seemed that

How much joy is there in the surprise?

After returning to the Welf family's villa in London, Fang Mingyuan learned the news that surprised and delighted Westbrook without much effort. BHP Billiton Group Company announced that it had given up its acquisition of Rio Tinto Group Company.

Just half an hour ago, almost when a group of people left Fang's Restaurant, at 8 a.m. Australian time, BHP Billiton Group President Crius Kloppers officially issued a statement saying that BHP Billiton Group had officially withdrawn its support for competitors.

Rio Tinto Group's US$68 billion acquisition offer. In the statement, the president claimed that "under the influence of the U.S. subprime mortgage crisis that gradually evolved into a financial crisis, BHP Billiton's acquisition cost of Rio Tinto Group increased significantly.

, and many problems such as the global economic slowdown, reduced demand for ore, and difficulties in capital flow caused by the financial crisis, have greatly increased the risk of BHP Billiton's merger with Rio Tinto Group. Therefore, the company's shareholders are now reluctant to acquire Rio Tinto Group.

No more interest!"

In an interview with media reporters, BHP Billiton Group Company management said that recent global events and the obvious decline in commodity prices including iron ore have changed the risk level of this merger. BHP Billiton Group Company

They are very concerned about their balance sheets, because once the merger is successful, the potential debt of the new company will be very large, and the new company after the merger will not be able to generate enough cash flow to repay the huge debt. In short, these people believe that the merger

The resulting expansion of debt risk exposure and the difficulty of future asset divestitures have increased the value risk for BHP Billiton Group shareholders to an unacceptable level.

In interviews with media reporters, some industry insiders from Australia, Japan, China, and South Korea also pointed out that although BHP Billiton's decision cost a lot of money in persuading various countries to approve the acquisition, it was nevertheless an important step.

A smart move. These people also cited many data. For example, as of the end of October, BHP Billiton Group's reported debt was only a mere US$6.5 billion, while Rio Tinto's debt was as high as US$4 billion.

More than 150 billion U.S. dollars, and a few months ago, the maximum market value of BHP Billiton Group Company was more than 200 billion U.S. dollars, and Rio Tinto Group Company also had more than 150 billion U.S. dollars. But now, the market value of BHP Billiton Group Company has dropped to

There are only more than 80 billion U.S. dollars, while Rio Tinto Group has less than 60 billion U.S. dollars. These data have fully demonstrated that at this time, if BHP Billiton Group continues to insist on acquiring Rio Tinto Group, it is very likely that its operating conditions will deteriorate.

BHP Billiton Group Co., which is not bad, has also been dragged down... Wait, wait, wait!

"BHP Billiton Group Company stabbed Rio Tinto Group Company just before giving up!" Fang Mingyuan said with a dumb smile. Although this statement explained why BHP Billiton Group Company gave up the acquisition of Rio Tinto Group Company, at the same time, it also mentioned Rio Tinto between the lines.

The current situation of the group company has been reduced to a complete mess. Since the current operating situation of BHP Billiton Group Company is relatively good, then naturally the blame for the new company's problems and unpredictable risks can only be shouldered by Rio Tinto Group Company.

"Rio Tinto Group Chairman Popovich also made a public statement at 9:30. Although the statement refuted some of BHP Billiton Group's claims, the content seemed empty and lacked specific data support. It was obviously unconvincing. I'm afraid Australia

On the stock market, Rio Tinto Group's share price is going to plummet." Angelina said with a smile.

"It's not a fear, it's a certainty!" Fang Mingyuan said categorically. When the European Commission rejected BHP Group's application to acquire Rio Tinto, the stock prices of BHP Group and Rio Tinto fell by more than 10%.

Rio Tinto Group's stock price fell by more than 17%. If it weren't for the news that Huaxia Aluminum Co., Ltd. was interested in taking a stake in Rio Tinto Group, the stock price would have been difficult to stabilize. This time, BHP Billiton Group Co.

He voluntarily gave up the acquisition, and stabbed Rio Tinto Group Company in the face. It would be a miracle if Rio Tinto Group Company's stock price did not fall. And how can there be so many miracles in this world?

"Isn't this the moment you've been waiting for?" Angelina snuggled into his arms and said with a sweet smile, "Just now you and Westbrook were drinking and talking, and in the blink of an eye, you became a hunter, and he became a hunter.

Fallen into prey!" (~^~)