Chapter 740 Acquisition

On March 10, Ashley Weber visited the headquarters of LCR Rothschild Group on behalf of William Weber Capital.

In the office of Chairman David Rothschild, Ashley Weber proposed a deal to him.

William Weber Capital is willing to take over the German financial institution under LCR Rothschild Group, which means that they can take over all the CDS agreement troubles currently faced by the Rothschild family.

But at the same time, this is not without cost. LCR Rothschild Group needs to sell some assets to William Weber Capital and their partners.

This part of the assets includes the shares of BNP Paribas and Natixis Bank held by LCR Rothschild Group, as well as... NM Rothschild Bank.

Currently, LCR Rothschild Group holds about 5% of BNP Paribas shares and less than 10% of Natixis Bank shares.

BNP Paribas currently ranks ninth in the world's bank market value, with a market value of about $90 billion. Therefore, by this calculation, the value of the two bank shares held by LCR Rothschild Group is about 5.5 billion euros.

As for NM Rothschild Bank, it is the core industry of LCR Rothschild Group. Although its scale is far less than that of commercial banks such as BNP Paribas, Societe Generale, Rural Credit Bank and Natixis Bank, its private banking business is very outstanding - of course, this was before the outbreak of these scandals.

But in any case, once NM Rothschild Bank is sold, I am afraid that LCR Rothschild Group will become an empty shell, and the Rothschild family can only go back to being a red wine merchant. What they have left in the financial industry is better than nothing.

The only thing that can make David Rothschild listen to Ashley's "plan" calmly is that they promise that in addition to helping them solve the troubles in the CDS agreement, they will also bear the compensation lawsuits against the bank by those bank customers after acquiring NM Rothschild Bank.

In this way, at least the Rothschild family can avoid most of the troubles. Although they have lost most of their financial business, they can at least continue.

"We are just helping you to match these things to avoid the shock caused by the LCR Rothschild Group to the society, sir..."

The representative of the French government who came here with Ashley said to David Rothschild:

"Of course, you can choose other partners, but as far as I know, the conditions given by Ms. Weber are already the best among them."

Now it is obvious that the French side does not want to be too involved in this incident, but they need to avoid the LCR Rothschild Group's affairs from causing too much negative impact on the French economy, which is already somewhat shaky.

At this time, Ashley Weber did not show any aggressive attitude. Instead, she felt quite sad. After all, before this, she almost died in a car accident caused by the Rothschild family, but now, she is standing in the chairman's office of the LCR Rothschild Group as a winner, and will take over NM Rothschild Bank, the biggest competitor of William Weber Capital.

On this day, after Ashley and her group left, David Rothschild sat in the chairman's office for a long time...

Before that, he had learned from some people that the French regulators planned to launch another investigation against other shareholders of LCR Rothschild Group for accusing the Rothschild family of damaging the interests of small and medium shareholders. They had few options left.

...

"Goldman Sachs and JPMorgan Chase have already made good profits from this short selling. At most, we can sell some of NM Rothschild Bank's business to them..."

Hearing Barron's words, Daisy on the other end of the phone couldn't help but say:

"And we have also given up at least 20% of our profits in Japan and South Korea..."

"After all, Europe is more important to us."

Although David, the chairman of LCR Rothschild Group, needs time to consider Ashley's proposal, Barron knows that apart from them, no one else can better help the Rothschild family solve this matter.

At least for now.

This is mainly because Barron is confident that after taking over the German financial institution under LCR Rothschild that has CDS agreements with American capital such as Goldman Sachs and JPMorgan Chase, he can reach a settlement with the other party on the CDS agreement.

Before the EU Spring Summit, until March 16, the meeting of finance ministers of the Eurozone and EU member states reached an agreement to provide financial assistance to Greece when necessary, and clarified various technical methods for taking coordinated actions, but still did not make a decision on the rescue mechanism and rescue methods.

Therefore, at this time, it seems that Greece's debt default is still a highly likely event.

In addition to Barron's side, other French banks and companies, even if they know that France and Germany are already negotiating to rescue Greece, it is not so easy to get such a thing passed in Europe, which is a mess. Therefore, they will naturally be more pessimistic about the bid of LCR Rothschild Group.

Barron knew that the first bailout from the European Central Bank would be finalized before Greece's debts with these Wall Street banks matured.

And for Barron, he had a backup plan to acquire the French bank shares and NM Rothschild Bank in exchange for taking over the German financial institutions under the LCR Rothschild Group and helping them solve the CDS agreement problem.

That is, if the Wall Street banks put forward other excessive conditions when Barron came forward to solve these CDS contracts with them, Barron could directly provide funds to Greece through DS Capital or Standard Chartered-Merrill Lynch to repay the loans that these Wall Street banks had previously made for the CDS agreement.

Because on the one hand, the interest rate for Greece's financing at this time was relatively high, and on the other hand, he knew that Greece could get more than one round of aid from the euro zone, and there was no need to worry about repaying the current loans.

In this way, Barron took the initiative in this matter.

Of course, he can do this, but the Rothschild family can't do it. Even Wall Street capital doesn't allow the Rothschild family to do this, not to mention that at this time, the situation in Greece is so bad, and the funds they manage have been withdrawn and exhausted, and they are powerless.

"The most critical reason is that the French side does not want Wall Street's capital to penetrate too deeply into their financial field. Although this result is inevitable, they are happy to set up obstacles for this."

Here we can see the wonderfulness of Barron's move through William Weber Capital, which cooperates with the French family.