v3 Chapter 1105： French nationalization kicked off

The issuance of the "Nationalization Act" this time has attracted worldwide attention. Not only the major French media and television stations have also made a comprehensive and detailed interpretation of this policy, and even the media in other European countries are also vigorously analyzing this decree. What impact will it have on France and Europe...

The Nationalization Act specifies the list of companies to be nationalized. There are a total of 39 banks, including three existing state-owned banks, and 36 private banks.

Among the state-owned banks, BNP Paribas, Credit Lyonnais, and Societe Generale have 10% or less of the equity in the hands of private investors or executives. This time they will all be nationalized, and the government will once again achieve 100% Holding.

And 36 private banks, including BNP Paribas with assets of nearly 350 billion francs, Alibaba Suez, ICBC, Crédit de France and Edmond Rohill Bank, etc. , There are also local banks such as Marseille Credit Company, Western Regional Bank and Ontario Regional Bank.

In the banking sector, in addition to the list of these 39 banks, the decree also made special treatments and explanations for the three major banks with registered deposits exceeding one billion francs before January 2, 1981.

The Central Bank of Mutual Aid, Credit Union, and French Cooperative Credit Bank. The government considered that they are affiliated banks of Mutual Credit Institutions and have their own business methods and social responsibilities. They are the targets of encouragement in the future, so they are excluded at the last minute. Out of the ranks of nationalization.

Of course, what the general public does not know is that these three banks were spared and it was also the result of the compromise between François Mitterrand and the three families.

But despite this, after this nationalization, all deposits and loans of nationalized banks (including banks indirectly controlled by the state) accounted for 87.6% and 87.6% of the total deposits and loans of registered banks, respectively. At 77.6, French private banks accounted for only 4.4% and 8.4%, and foreign banks accounted for 8.4% and 14%.

The French government has an absolute dominant position in the banking industry!

In addition to the large-scale nationalization of the banking industry, the government has also fully nationalized five giant industrial groups, including Rhone-Planck Chemical Group and Thomson Group, which has strengthened the government’s leading position in the heavy industry sector and facilitated the Play a leading role in the economic reforms that follow.

As soon as the "Nationalization Act" came out, France celebrated the whole country. Almost all citizens expected the government to reverse the economic decline and make everyone's lives better again.

On the second day after the promulgation of the "State-owned Act", that is, on February 13, the French Banking Regulatory Commission issued an official document stating that the state-owned bank Edmund Rohill Bank will be renamed BNP Paribas Financial Corporation.

The ownership and use right of the name "Edmond Rohill Bank" was transferred to the French Orleans Company free of charge, and a full bank license was issued to the French Orleans Company.

When he saw this document, Xia Yu was completely relieved that his cooperation agreement with the Rohill family had all come into effect, and the shares of Royal Bank of Scotland and Standard Chartered Bank could finally be taken back by the Rohill family.

Because the French Orleans company is a wholly-owned company of the Rohill family in France.

On February 16th, the French Orleans Company completed the change, and Edmund Rohill Bank was established again in Paris, but this time the Rohill family was very low-key.

Although there was no media publicity and no opening ceremony, as long as the big families in Paris knew that the Rohill family had re-opened Edmond Rohill Bank, many families were dissatisfied because of Rohill. Although the family's strength has been greatly damaged, it has not been cleared out, and there will be huge troubles in the future.

Moreover, Edmond Rohill Bank is a golden sign. Although the bank assets cultivated by the Rohill family in the past two decades have been taken away by the French government, as long as the hidden sign is worth at least tens of billions of francs. Now, the Rohill family will recover more than five times faster than re-registering a new bank!

But these are also what Xia Yu likes to see.

He knew very well that the Rohill family, the Rockefeller family, and the Morgan family were the first enemies of the major French families and consortia, leaving the Rohill family in France to attract a large part of the firepower.

And his rising environment will be more relaxed.

This time he pitted the Rohill family in France, he has already made a lot of money.

The Rohill family will definitely be annoyed, but if the major families and consortia in France not only suppress the Rohill family, but also suppress him during Xia Yu, the two sides might not be able to unite against the local forces in France.

For the ruler, in this world, interests are eternal!

What's more, the loss of the Rohill family in France does not mean that Xia Yu can no longer retaliate against them elsewhere.

For the internal harmony of the Rohill family, how can the strengths of their branches be as close as possible? How can the Rohill family be the only one in the UK!

Thinking about this, Xia Yu suddenly felt that he must be a good person who thinks about others, hehe~

……

Completed the set goal perfectly. Xia Yu was all comfortable, even with a lot of smiles on his face. The company's employees were influenced by him, and the enthusiasm for work became even higher.

This afternoon, Xia Yu was looking at the phased acquisition report submitted by Leo Martin against the Busac Group in his office.

After assigning him a task on January 21, Leo Martin asked the company team to spend ten days to prepare for a comprehensive action.

Then the official action began on February 1.

First, let the newspapers of the Mirror Group begin to analyze the crisis of the Bussac Group, and at the same time let people secretly push the employees' union of the Bussac Group to carry out a larger-scale strike action.

This series of behaviors caused the capital market to downgrade the Bussac Group once again. The Bright Fund has shorted ahead of schedule. Therefore, the Bussac Group’s stock market has fallen all the way in the past two weeks.

By the time the market was closed on Friday, February 12, the market value of the Bussac Group had fallen from more than 620 million francs before the action to more than 380 million francs, and the market value had evaporated by more than 240 million francs.

And the bad news of the Busac Group continues to be produced.

Therefore, on the weekends of February 13th and February 14th, Bright Fund and various short-selling institutions proposed to end the betting early.

Facing the relatively loose price given by the Bright Fund, and these institutions did not want to put their funds in the Busac Group, they all agreed to stop the loss.

Statistics show that the Bright Fund made a profit of 46.59 million francs in this short-selling operation.

The second step plan will begin next Monday, that is, tomorrow. While continuing to suppress the share price of the Bussac Group, it will begin to use the shell company to secretly acquire shares from the market and outside the market.

In order to carry out this second step plan, Bright Fund left 5% of its shares unsold when gambling with major institutions ~ www.novelhall.com ~ shareholding information has been disclosed once, so in accordance with financial transaction regulations , The situation of over-the-counter acquisitions of stocks can be voluntarily chosen whether to disclose.

When he was about to get off work that evening, Leo Martin brought another good news for Xia Yu.

Romani Conti Winery was successfully acquired, and both families surrendered in the face of the Franc offensive.

But the entire acquisition cost a total of 355 million francs.

Before the acquisition, the Bright Fund’s valuation of Chateau Romanni Conti was 160 million francs.

Therefore, the premium for this acquisition is as high as 222%!

In 1869, Jacques Marie Divo Brochet paid a premium for the acquisition of the Chateau Romanni Conti for 260,000 francs. Now the chateau is sold at a price of 355 million francs. One thousand three hundred and sixty-five times in value in one hundred and thirteen years!

Although the purchasing power of francs has been declining over the past 100 years, the total GDP of France has increased by 268 times, which is much lower than 1,365 times!

Although GDP cannot be linked to the purchasing power of currency, you will know that the top wine estates are indeed extremely high-quality assets!

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