Chapter 695 Completion of the Agreement

According to the provisions of the equity swap agreement reached between the Gucci-Hermès Group and the Nestlé Group at that time——

If the share price of L'Oreal Group falls below 120 euros per share in the next eight years, they have the right to purchase the shares of L'Oreal Group held by Nestlé at a price of 120 euros per share at any time.

If the share price of L'Oreal Group is higher than 120 euros per share in the next eight years, they have the right to purchase the shares of L'Oreal held by Nestlé Group at any time at the current stock price.

When they reached this agreement, affected by the subprime mortgage crisis, the share price of L'Oreal Group fell from more than 100 euros at the beginning of last year to about 70 euros at the time. After that, the share price of L'Oreal Group fell again...

Although their stock prices have risen this year, they have only returned to more than 70 euros.

In this case, if the Gucci-Hermès Group purchases the L'Oréal Group shares held by the Nestlé Group at a price of 120 euros per share in accordance with the agreement, it is equivalent to a premium of more than 65%.

For Nestlé Group, it is definitely willing to implement this agreement. After all, historically, L'Oreal Group's share price has not reached a price of 120 euros per share. It can be said that they have got a big bargain.

But Barron knows that it is actually more cost-effective to purchase the shares of L'Oreal Group at a price of 120 euros per share within the eight years stipulated in the agreement, because after that, the share price of L'Oreal Group will rise sharply. The group will need to spend exponentially more money.

Now with the permission of the Bettencourt family, the Gucci-Hermès Group can complete this agreement with the Nestlé Group, thereby obtaining 29.44% of the L'Oréal Group shares held by the Nestlé Group.

As a result, plus the L'Oreal Group shares they previously absorbed in the secondary market, the Gucci-Hermès Group's share of L'Oreal Group shares will exceed 35%, surpassing the Betancourt family's share of the L'Oreal Group in one fell swoop. of shares in the company, becoming its largest shareholder.

At the same time, this shareholding ratio can also make the Gucci-Hermès Group eligible to make an acquisition offer for the L'Oréal Group, thereby completing the acquisition of other stocks.

However, Lilinaia Betancourt is not completely confused. She just does not want her daughter’s family to control the L’Oreal Group, but she will not give up the Bettencourt family’s shareholding in the L’Oreal Group.

Therefore, she agreed to allow the Gucci-Hermès Group to acquire Nestlé Group’s shares in the L’Oréal Group on the premise that after the Gucci-Hermès Group acquires the L’Oréal Group in the future, the Bettencourt family will retain its shareholding in the L’Oréal Group and Have corresponding voting rights on the board of directors, thereby maintaining some influence over the L'Oréal Group.

Things always have to happen step by step, and Barron did not think about finishing in one battle, so he instructed Ashley Weber to agree to Lilinaia Bettencourt's request, and the two parties reached an agreement.

In this way, after the Gucci-Hermès Group completes the agreement with the Nestlé Group to acquire shares of the L'Oreal Group, it will officially start the acquisition of L'Oreal.

…

"Hello, Your Highness, my name is Tallulah Riley."

"I know you, your performance in Pride and Prejudice was stunning."

This is a charity dinner hosted by the Devonshire Charitable Foundation in London. During this dinner, funds will be raised for medical aid for women and children in Africa. Correspondingly, the dinner also invited many celebrities and public figure.

The tall beauty who walked up to Barron to greet him was naturally familiar to Barron. She was Tallulah Riley, a young actress who had recently gained a certain reputation for starring in "Pride and Prejudice".

Of course, in Barron's previous life, she also had another identity, that is, Elon Musk's second wife...

As mentioned before, Musk originally met Dalula Riley through a friend's introduction when he came to London to relax last year after divorcing his first wife.

But because in this world, Musk was hosted by Barron in London at that time, so he did not meet Dalullah Riley.

And Barron did not miss this beauty. For example, for this charity dinner, the invitation letter Dalula Riley received was delivered under Barron's instruction.

As the youngest Duke of England and the person with the most wealth in England, this charity dinner held in the name of the Devonshire Charitable Foundation owned by Barron naturally attracted everyone's attention.

Being able to get an invitation letter to this dinner, it is no exaggeration to say, can even become a status symbol.

Although Dalullah Riley has gained a certain degree of popularity in the UK through her previous role in "Pride and Prejudice", who among the stars who can come to this charity dinner is not the hottest and most popular in the UK?

Therefore, being able to get an invitation letter was enough to make Dalula excited.

The most important thing is that now at the dinner party, she actually met the Duke of Devonshire himself!

It is no exaggeration to say that the opportunity to talk to Barron Cavendish is what girls all over Britain and even Europe dream of.

After all, this handsome Duke had already heard news of divorce before. After he became single again, he can be said to have become the top single nobleman in Europe. Who can resist the temptation of such a Duke?

Therefore, Dalula Riley would not miss the opportunity to get to know each other.

In fact, before this, Barron has dealt with countless celebrities and ladies who have chatted with him. After all, His Royal Highness the Duke can be said to be a very low-key member of the aristocracy. In recent years, he has only appeared at the Royal Horse Racing during the British social season. At the meeting, everyone was seated in one of the seats closest to the royal family, which did not give ordinary nobles a chance to chat.

And for charity dinners like this, he rarely showed up. Now that he had the opportunity to get close, these people couldn't care less about being reserved.

On this occasion, Barron would not talk to Talulah Riley for too long.

Just when she was struggling with how to hand over the tissue paper on which she had just written her phone number in lipstick to the handsome Duke in front of her, she suddenly heard the other party ask:

"Ms. Riley, do you have WoawChat?"

"ah?"

Dalula's brain, which was almost shut down, finally resumed thinking, and she quickly said:

"Yes, Your Highness the Duke, I have registered WoawChat before. It is a very useful application..."

"Then let's add friends. Maybe we'll have a chance to invite you to dinner later."

"It was an honor."

I saw Barron enter his mobile phone into the add friend page of WoawChat and handed it over...

Dalula quickly took it and entered her mobile phone number on it...

Suddenly, she recognized that this phone was very similar to the new Mate 3, but it was different in some details.