When the Soviet government announced its intention to sell the Somertrol oil field, the largest and most abundant oil field in the Soviet Union, the world's oil giants were itched by the news.
However, when they saw the harsh bidding conditions of the Soviet government, they could not help but feel chagrined.
The most basic condition was that the companies participating in the tender had traded more than $500 million with the Soviet Union in the past two years, which was not up to standard for most companies.
However, there was still an American company involved in the tender, that is, the Western Petroleum Company, led by an old friend of the Soviet Union, Yamonhammer.
And they are also Seryosha's Glencore's biggest competitors.
Yammon Hammer is now too old to come all the way to Moscow, but Occidental Petroleum sent its own vice president to personally participate in the bidding exercise.
It is still a bit difficult for an industrial consortium like Occidental Petroleum to come up with seven billion dollars in a hurry, because the investment target is located in the mysterious Soviet Union, and many American financial institutions are afraid of the political risks of the Soviet Union, so the fundraising process of Occidental Petroleum is very difficult, but Occidental Petroleum still raised the funds before the registration deadline.
When Hammer first came to the Soviet Union, he originally planned to be a doctor here, but later he found that the Soviet Union was actually more short of food, so Hammer tried to import grain from the United States to the Soviet Union, and then exported timber from the Soviet Union to the United States.
Because of his contribution to the Soviets, Hammer became Lenin's guest of honour and also had a monopoly on the export of asbestos and pencils from the Soviet Union.
As Hammer's business in the Soviet Union grew, he became the de facto U.S. trade representative in the Soviet Union, and at its peak, Hammer's specialized import and export agency became the representative of 38 major American companies in the Soviet Union.
Now in his eighties, Hammer still has a keen sense of business, having successfully entered the Chinese market a few years ago.
For such an opponent, how could Seryosha not be afraid In order to stop Occidental Petroleum and Glencore from competing for the Samoterol oil field, Seryosha had to resort to a little off-the-counter move.
With Occidental Petroleum going to hand over $7 billion in collateral to the Soviet government, the company's liquidity has been almost wiped out.
Now is the time when the capital chain of the Occidental Petroleum Company is tight, and at the same time it is also a good opportunity to acquire the Occidental Petroleum Company At the same time that the vice president of Occidental Petroleum Company deposited seven billion dollars into the Soviet Union's foreign trade bank account, only 24 hours later, KKR, the king of leverage, quietly launched an attack on Occidental Petroleum with Bank of Colombia, a new aristocrat in the American financial market.
However, this abruptness did not make Hammer's notice feel that there was anything wrong with it, because Occidental Petroleum clearly had an unbeatable advantage in the bidding for the Samotrol field, so the rise in the stock price did not make Hammer feel dangerous, and he rightly believed that it was a choice made by investors who were optimistic about Occidental Petroleum's future prospects.
With the rise in Occidental Petroleum's share price, a large number of Occidental Petroleum's outstanding shares fell into Seryosha's hands under the cost-free acquisition by KKR and Bank of Columbia, and now that the U.S. market has not recovered from last year's stock market crash, the valuation of big blue chips like Occidental Petroleum is not high, and considering Occidental Petroleum's good operating conditions and stable cash earnings, this acquisition is definitely worth the money.
It is precisely because of Yamonhamer's negligence that this acquisition made Seryosha feel unusually smooth, after the initial hands, Seryosha looked at the business and organizational structure of Occidental Petroleum Company, and felt that this company was simply set up specifically for the Gorky Brotherhood, because this company and the existing business of the Gorky Brotherhood have too many complementarities.
Occidental Petroleum is one of the top 20 largest industrial companies in the United States, with a wide range of operations in oil, natural gas, coal, chemical products, agriculture and many other fields.
These are all areas of business that Selyosa is interested in.
For example, Occidental Petroleum's pesticide industry can strengthen the competitiveness of Monsanto's chemical division in the global market, and Occidental Petroleum has abundant oil reserves in Texas, California, Peru, Venezuela, Libya, the British North Sea and other places, and their exploration department can solve the problem of water content in the Samoterol oil field.
In addition, Occidental Petroleum owns the natural gas pipeline business in the eastern part of the United States, and Occidental Petroleum is also a large beef cattle breeding company, which can better consume Glencore's grain.
With such a good company, there is no reason why Seryosha should not take him into his pocket.
The total assets of Occidental Petroleum do not exceed 20 billion US dollars, and if it is to control this company, it will basically not cost 10 billion US dollars, which is nothing to Seryosha, but the difficulty of the acquisition is that Seryosha must let his friends diversify their holdings, for example, if the Bank of Colombia and KKR are too consistent, they will be regarded as KKR's concerted actors, and the overall shareholding ratio of Bank of Colombia and KKR cannot exceed 13% of the total share capital of Occidental Petroleum.
And if the scheming Hammer sees through the intentions of Bank of Columbia, then he can only fight to the death with Hamer.
In order to distract the regulators as much as possible, but also to confuse Old Hammer.
Seryosha's three women were also involved in the encirclement of the Western oil company.
Eva began to buy large amounts of outstanding shares of Occidental Petroleum through her investment fund, Karem controlled Monsanto to do the same, and even Tonya in Europe entrusted the Bank of Colombia to loot Occidental Petroleum shares.
On the face of it, none of the investors had more than 10 percent of the stock in their hands, and Hammer felt that it must be the big oil field of the Soviet Union that gave these investors a new value for Occidental Petroleum Corporation.
Under U.S. business rules, these new entrants can already send their own representative directors to Occidental Petroleum's board of directors.
Hammer would never have imagined that these seemingly unrelated investors from all over the world were actually a family. t1706231537: