Chapter 294 (1/2)

While baozixuan and BHP Billiton were negotiating, the staff of Blackstone fund were busy negotiating with Australia's northern mining company.

Baozixuan not only wants to buy iron ore in Australia, but also wants to control a large Australian iron ore company. Only in this way can we not be threatened and what can be self-sufficient.

Northern mining company was acquired by British Rio Tinto Group in its previous life around 2000, making delituo a global leader in the exploration, mining and processing of mineral resources, which shows the strength of the company.

Among all mining companies in Australia, northern mining can rank about fifth. Ahead are a few enterprises such as Rio Tinto, BHP Billiton and integrated mining company, which can be said to have great strength. It has 12 mines around the world and 8 in Australia.

But now the northern mining company is facing a very troublesome thing, please, the steel market is depressed. They have to shrink a lot of business, making the company inefficient. Not as deep as BHP Billiton, without the support of the government and banks. In the past, the northern mining company relied on loans to survive the crisis, but now large American enterprises have come to buy it. The bank will not only give you a loan, but also recover your due loan.

The staff of Blackstone fund have stayed in Australia for nearly half a year and said hello to the government and banks in advance. As a result, the northern mining industry has not been supported as in previous generations, and they are facing difficulties. That is, knowing that Mr. paohuodong is coming to Australia to buy Minerals, now that BHP Billiton has signed a contract, he can say that he has no hope.

Facing the pressure from employees, banks and shareholders, northern mining company finally let go. The most important thing is that Blackstone fund will not participate in management in the next three years, but will only supervise contracts and property. This will reassure the management and promise the government that as long as the workers do not make mistakes, but cut one worker, more than 200 new jobs will be added every year. This enables Blackstone fund to open up all links.

When baozixuan came to northern mining, all the contract details had been negotiated. And a memorandum has been formed, and the purchase money of the first phase has been remitted to the account of the board of directors.

Seeing baozixuan coming, we finally understand why Blackstone fund acquired northern mining company at this moment. All this is the new boss's plan, a plan to build a plank road openly and hide behind the scenes. But also let the people of the northern mining company have nothing to say. After all, strength is not allowed.

Originally wanted to buy in the name of baohuodong mining company, but after increasing so many shareholders, it is impossible for everyone to pay for such a large transaction volume. Baozixuan has not made wedding clothes for others.

After communicating with Huo Yingdong and other original shareholders, he decided to pay for it himself. After all, Huo Yingdong and others are worried about taking out so much money and carrying more than $1 billion in debt. Although looking at the lack of steel in China, no one can expect it to develop so fast.

In the conference room of northern mining company, baozixuan signed the purchase agreement on behalf of Blackstone fund. Blackstone fund purchased all equity of northern mining under the condition of US $1.2 billion in cash and US $1.4 billion in debt. This also delayed the capital investment of Rb team to a certain extent, but baozixuan knows that this transaction will definitely make countless profits in the future, and can even rewrite part of the history of steel development.

Baozixuan has spent nearly $2 billion in Australia in less than a week and has not defaulted. All remittances are completed at the first time, which makes many Australian officials and people feel that baozixuan wants to increase investment in Australia. They may even immigrate here. If they can stay in Australia, what role will it play in promoting Australia's economy? Children playing black cloud games on the streets understand. Therefore, many institutions and government officials in Australia have issued invitations to baozixuan these days, and there are countless parties and dinners.