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Chapter 135: The Porsche Family's Grievances and Hatreds


In the acquisition of the Volkswagen Group, Seryosha brought in KKR, a former rival.

KKR is best at leveraged buyouts, so this time, Seryosha hopes that KKR will be able to snipe at Volkswagen Group in the open market, thus creating the conditions for Peterson's lobbying activities.

When it comes to Volkswagen, the world's leading car factory was founded in Nazi Germany and claimed to produce cars that everyone could afford.

Hitler even devised a plan to save five marks a week, but the money was eventually diverted to the war effort.

After the war, the British took over the Nazi car factory.

And restarted his Beetle production line.

With the Beetle's best-selling popularity, the Volkswagen Group began to come back to life.

However, as early as the beginning of the factory, Volkswagen's flagship product Beetle was designed by Ferdinand Porsche, the founder of Porsche, so the Porsche family and the Volkswagen Group are actually inextricably linked.

They have a large number of Volkswagen Group shares in their hands, which are the first to be fought for by Peterson.

According to publicly available financial figures, the Porsche family holds about 25 percent of Volkswagen's shares, second only to the 30 percent of the shares held by the largest shareholder, the Lower Saxony government.

However, these things are still secondary, and if you want to buy Volkswagen, there is one hurdle that cannot be bypassed in any way, and that is a Volkswagen company law specially designed by the German government for Volkswagen.

The law was designed to prevent the Volkswagen Group from being taken over by a foreign consortium at a time of financial constraints, with the aim of keeping the company firmly in the hands of German investors.

All of Seryosha's financial institutions are foreign investors, and how to break the protection of this company under the Volkswagen Company Law is a difficulty that Seryosha must challenge.

KKR moved quickly, and they began to aggressively buy Volkswagen shares from scattered investors in the Frankfurt market.

Now, at a time when the Louvre Agreement has just been signed and the dollar is rebounding strongly, KKR's acquisition is actually timely.

Volkswagen's share price fluctuations caught the attention of the Frankfurt stock market regulators, who soon ordered an investigation into Volkswagen's stock price fluctuations, and KKR had to come forward and admit that it had initiated the takeover.

KKR was going to annex Volkswagen, and the news instantly spread throughout the German capital market.

The German media kept exclaiming that the wolf is coming.

At this moment, KKR was completely exposed, but Seryosha was basically satisfied with KKR's acquisition, and after paying the commission, the shares were transferred to a Swiss company under the name of Tonya.

Soon the German media found out that the original investors who wanted to buy Volkswagen came from the Mediterranean shipping company.

As a result, all kinds of scandals of the Mediterranean Shipping Company have been revealed, what has something to do with the mafia, what has been involved in the grain smuggling case in the United States, and what ships in the Guantanamo attack are also from the Mediterranean Shipping.

The fact that the multinational shipping company, second only to Maersk in Europe, is now in the hands of a mysterious and beautiful woman is the biggest news in itself.

After visiting the Porsche family, Peterson brought Seryosha good news, that is, the Porsche family only planned to sell 49 percent of its Volkswagen shares to Blackstone, and all the 49 percent of the shares came from Ferdinand Porsche's son Ernst Porsche's descendants.

After Peterson told Mikhail about the result, he told Mikhail about a bloody drama in the Porsche family, which is why Ferdinand's direct descendants of Porsche were willing to sell all their ancestral property.

It goes back to Ferdinand Porsche, the first founder of the Porsche family.

Ferdinand Porsche had a son and a daughter, the daughter was named Louisa Porsche and the son was named Justst Porsche.

After the death of the elder Porsche, his children each inherited 50 percent of the old Porsche's property.

By the second generation, the Porsche family remained united and harmonious.

However, among the third generation members of the Porsche family, there is a gap because of a woman.

One of the descendants of Ernst Porsche is Alexander Porsche, who designed the best-selling Porsche 911.

And Luisa PorschePorsche's son Piëch is an excellent engine designer and business operator, but the original harmonious relationship between the two families has been deeply estranged because of Piëch.

As the son of Louisa, Piëch naturally entered the Porsche job as an adult.

However, within Porsche, when Ernst was in power, the most notable heir of the Porsche Group was Ernst's son, Alexander Porsche.

As the designer of the classic Porsche 911, Alexander Porsche is also outstanding at work, but Alexander's artistic temperament makes him somewhat indisputable, so the Porsche family is slowly in a weak position in the company.

In the face of Piëch's aggressiveness, in order to avoid the split of the company, Ernst had no choice but to kill the killer and ruthlessly drive his nephew out of the company.

Piëch, who was expelled from Porsche, briefly joined Daimler-Benz, and later joined Audi, rising through the ranks of CEO and joining the ranks of Volkswagen Group executives.

With the help of the platform of Volkswagen, Piëch began to take revenge on the Porsche family little by little, and as Piëch's strength increased, the equity balance between the descendants of the Porsche family was broken.

Angry members of the Porsche family could not tolerate this, and they were willing to bring in new investors to compete with Piëch, who held both Volkswagen and Porsche.

So when Peterson came to the door, they agreed to Peterson's suggestion without hesitation, as long as Peterson could help them get back a controlling stake in Porsche, then they were willing to sell all their shares in Volkswagen.

In this way, Seryosha can get 125 shares from the Porsche family, plus KKR's 10 shares from the open market, and Seryosha will become the second largest shareholder after the Lower Saxony state government.

The deal was a good deal, and Seryosha was willing to get involved in the infighting in the Porsche family.

Moreover, if he can get the support of the Porsche family, Seryosha's path to the automotive industry will be much easier. t1706231537: