Chapter 590 (2/2)
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As soon as this news came out, Wolfgang became the public enemy and traitor of German industry. It was not long before Allianz Group of Germany came forward and announced that they would support Piech, and then the giant Deutsche Bank joined Piech's camp.
However, these are not the worst. The federal government also announced that it would be involved in the equity fight. Piech launched a new proposal in the board of directors of Porsche, proposing to introduce new strategic investors by means of additional shares. The German Ministry of finance, Deutsche Bank and Allianz Insurance all stood up and responded one after another. Then even the trade union of Porsche joined in. The union leader claimed that he did not believe that the British could manage Porsche well. If the Porsche family chose to cooperate with foreigners, the Union would take a series of measures to boycott the acquisition.
Almost overnight, the situation took a turn for the worse. Karim and the British consortia almost became the public enemies of the German automobile industry. The conflict between the British and German people also raised the equity fight to the national level.
”It seems that sometimes money is not everything!” Karim said with a wry smile to her UK partners.
”These damned bastards, the German communism, were not sent to the grave with Hitler at all. How can we forgive these damned bastards after the war?” The representative of RBS said angrily that he had participated in World War II and naturally had no good impression on the Germans.
”Karim, we have to find a way. If this thing goes on like this, it will be very bad for our acquisition!” The representative of Rothschild bank said anxiously that even the German government is involved now, which is tantamount to directly declaring the death penalty for the acquisition.
”Please don't be impatient. I don't think things are irreparable. We should still have a chance!” Karim told his partner.
”Karim, although our banks are good friends, they are in business. I don't see any room for turning around. Unless we can get the German government to give up its meticulous protection of its own businesses. So, we, Barclays, have decided to pull out of this acquisition! ”
”Gentlemen, you are too anxious! How can you be so sure that we have no chance! Well, if you resolutely withdraw from this action, we can purchase all your rights and interests at your cost price! ” Karim replied rudely.
”Do you have another way?” Asked the representative of the Bank of Scotland curiously.
”Of course, it's just the beginning! This time, our target of CBC is Volkswagen, and Porsche is just our appetizer before dinner! ” Karim said confidently.