In fact, Feng Yu was still very optimistic about this British Western Commercial Bank. He said this to tell Porter that he knew the bank's shortcomings, so the bank was not worth much.
Feng Yu just wanted to lower the price, not that he didn't want to buy it, but looking at Porter's expression, it seemed that he didn't want to continue the discussion.
"Ahem ~" Feng Yu cleared his throat and reminded Porter.
Porter came back to his senses. "Mr. Feng, I didn't intend to hide what you said. If it weren't for those difficulties, why would our bank want to sell?"
He saw that Feng Yu didn't get up and leave, so he quickly continued to persuade Feng Yu to facilitate the acquisition.
If he could stay as CEO after the acquisition, then his future income would not be low. Who didn't know that working with Feng Yu could make a lot of money?
Even if he couldn't stay, according to the agreement, he could get a compensation if he was fired, so he was suitable.
Feng Yu looked at the accountants he had brought with him. The chief accountant stood up and said, "Mr. Porter, do you still want to continue to hide the details of your company? I want to see the operation of your company, especially the financial situation. "
The operation of a company, especially the financial situation, was a company's secret. If the two sides had already signed the agreement and finalized the framework, then of course, it would be shown to the other party.
But now there was no agreement, and the other party wanted to see it, which made Porter hesitate.
But he was also worried that if he didn't agree, then Feng Yu would turn around and leave. Their bank would lose the best buyer, and it was very likely that the bank would really become a pure state-owned enterprise.
"Mr. Feng, can I ask how much debt we have? Will you refuse the acquisition?" Porter tentatively asked.
Feng Yu leaned on the sofa and looked at Porter, who stood up. "Debt is not my main concern. I mainly look at how many quality assets your bank has, and then measure how much profit I can bring each year if I invest enough. Even if your bank is now 10 billion pounds in debt, and I need to invest tens of billions of pounds to bring the bank back to life, this is not a problem for me! "
Potter opened his mouth wide. This sentence was too domineering.
Ten billion pounds was a large sum of money. Even many large companies with assets of hundreds of billions might not be able to take out this money immediately. The main value of a large company was reflected in its shares. How could they have so much cash?
This was also why many banks were unable to save their banks. It was because it was very difficult for banks with hundreds of billions or even trillions of pounds under management to come up with tens of billions of pounds at once, let alone ten billion pounds.
Feng Yu was just saying it. If this bank was really in debt of tens of billions of pounds and needed tens of billions of pounds to recover, Feng Yu would not buy it.
There were so many banks on the verge of bankruptcy, and there were definitely banks with better assets. There was no need to hang on to one tree.
"Don't worry, Mr Feng. Although our bank has debts of more than 10 billion pounds, we only need to invest another 10 billion, no, 6 billion pounds to tide the bank over. We still have a lot of loans that have not been collected. If it weren't for the high debt and interest, we would not be in this situation! "
Feng Yu waved his hand. "Tell them about this. Remember, don't hide anything from me. Otherwise, not only will I not buy your bank, you will also be in trouble. Trust me."
Feng Yu's tone was very relaxed, but it gave Potter great pressure.
He was just a worker. Although he was a senior worker, he was still a worker. He would never dare to deceive the world's richest man. In Europe, the rumors of the Mafia had never disappeared. It was said that behind every big family, there were some people who specialized in doing shady things.
Moreover, he wanted to continue working in this bank. If he could stay, it would be good for him. During this period, the unemployment rate of people in the financial industry was extremely high. It was not easy for him to find a satisfactory job.
Potter asked people to bring a lot of statements. Their bank itself was listed, and the statements should be released to the public. However, there were some financial means that could make the statements much more beautiful.
At this time, the bank's shares had been suspended on the London Stock Exchange. Because it had fallen too much, if it was not suspended, it might be forced to be delisted.
The suspension was also a good thing for Feng Yu. If it was not suspended, and someone leaked the news that he wanted to buy the bank, the bank's shares would definitely rise.
It was a common practice for the acquired company's shares to rise. After many companies were acquired, they would make some adjustments, and many of them would even be delisted.
If the company was delisted, those who held the shares would be forced to buy back their shares, which would make them a lot of money. The original shareholders of the company would also be able to sell their shares for more money because of the rise in the share price.
If the company's shares had not been suspended, Feng Yu would not have come in person.
Potter personally explained the details of the statements to the accountants. Many of them were not reflected in the statements. He also explained them to them. This was to leave a good impression on Feng Yu and show that he did not hide anything.
Feng Yu sat at the side, drinking black tea, smoking a cigar, and reading a boring magazine.
Half an hour later, the chief accountant returned to Feng Yu's side. He bowed and whispered, "Boss, this company's situation is similar to what Mr. Ralph described. We still need time to verify the details. Based on the situation, we will invest 10 billion USD, and we can definitely turn this company's losses into profits next year. "
Feng Yu nodded. Overall, the situation was good, but he didn't know how much this company wanted to sell it for. If the asking price was too high, then it would not be worth it.
Although there were a lot of high-quality assets in the bank, there were also a lot of burdens.
"Potter, your bank has a lot of problems. The debt is very high, and you can even say that it is insolvent, right?"
"Mr Feng, we are not insolvent. We just owe a lot, but we also have a lot of loan contracts. These are all valuable assets."
"Alright, you don't need to explain to me. Tell me, how much is your bank going to sell it for?"
"According to the market value, our bank is worth more than 14 billion pounds."
Feng Yu sneered, "Market value? Are you talking about the stocks that have been suspended? If it wasn't for the suspension, I'm afraid it would have fallen below 10 billion pounds. Don't forget, you still owe more than 10 billion pounds. How much is left after deducting these two? "
"How about this, seeing that your bank still has some good assets, if you don't hide anything, then I will buy this bank for 8 billion pounds, including all the assets and debts. I also want to invest a lot of money in this bank. I'm a businessman, not a philanthropist. "
"Go back and discuss with the shareholders. I'll give you three days, and I hope to get a positive answer."
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