legendary trader

Chapter 660 661150-170 million

Perhaps because he was less concerned about the company's affairs, Zhang Jianjun just made an opening speech, and after a few words, he handed over the conversation to An Shilin.

An Shilin was familiar with several shareholder representatives before, at least had contact with them, because the shareholders rarely came, so at the beginning he was not in a hurry to introduce the topics of today's meeting, but first told Chen Fan and the others He introduced the colleagues sitting next to him, the members of the management team he formed, the vice president in charge of the company's general affairs and oilfield production, and the chief financial officer in charge of the company's finance.

In the slightly dull atmosphere, Chen Fan looked around unconsciously for a while, only to notice a young man in a formal suit sitting in a corner of the meeting room, with a laptop in front of him, sitting there so quietly , seems to be for meeting minutes.

Looking away, Chen Fan could only wait for the business after the introduction, but now Chen Fan was even more curious about what was going on, and the atmosphere was quite tense, but judging from the conversation between Zhang Jianjun and An Shilin Look, it doesn't seem like a big deal.

After the introduction, An Shilin nodded to the young man sitting in the corner, and then the young man got up, approached with a stack of documents in his hand, handed out a document by the table, and quickly returned to his original position to sit down .

Chen Fan picked up the documents on the table and flipped through them casually, but he frowned slightly when he saw them, and inadvertently raised his head to look at An Shilin, and then continued to look down.

The meeting room was very quiet, except for the rustling of pages turning, there was no other sound.

The content of the document was beyond Chen Fan's expectations. It was something he hadn't thought of at all. After reading two pages of the introduction of a foreign company, Chen Fan inadvertently raised his head and glanced at An Shilin. Just like everyone else, he sat there quietly flipping through the information, but Chen Fan didn't believe that he hadn't read it before, probably just pretending.

As people kept putting down the documents and looking up, soon no one in the meeting room continued to read the materials. They all looked up at Zhang Jianjun and An Shilin, waiting for them to tell you what it means to call everyone here, and to show you a foreign company. What kind of charter is the information.

"The main purpose of calling all shareholders to the company today is to discuss whether the company can participate in the acquisition negotiation of YPF Petroleum Company."

After An Shilin saw that everyone in the room had read the materials, he cleared his throat before speaking, but the voice reached Chen Fan's ears, and he immediately felt thunder rolling.

200 billion has been invested to create a peak oil company. So far, the company has not produced a single drop of oil, so you start to think about other oil companies, and plan to buy it?
How much money did the company pay for the acquisition?
No wonder shareholders are called for a meeting, isn't it just asking shareholders to pay out again?
"When you read the information, you should know that YPF Petroleum Company is an oil exploration company located in the Pampas Republic of South America. What I want to emphasize here is that YPF is still a state-owned oil company. It is stipulated to monopolize the upstream oil and gas industry in the country and carry out independent exploration, development, production, refining and sales.”

As soon as An Shilin finished speaking, Zhu Qi asked, "You mean this company is going to be privatized?"

"According to the information we have received, the Pampas Republic is currently in economic difficulties, so it plans to sell most of the shares of this oil company."

An Shilin nodded, responded with a very positive tone, and then continued: "Pampas is the second largest country in South America. At present, the company has confirmed oil reserves of 23 billion barrels, and its oil production is 76.3 barrels per day. , the estimated oil reserves in the area currently being surveyed may be as high as 60 to 70 billion barrels, and there are also huge offshore oil and gas fields along the Pampas coast, and because it is close to the mainland, it is very conducive to development and the cost is not high.”

After An Shilin boasted, he didn't achieve the effect he wanted to see, and everyone frowned and remained silent.

After a long time, Second Brother Wang raised his head and said, "Since the company has such great development potential, why sell it?"

"There is a problem in Pampas domestically, the domestic economy is very bad, and now there are not many assets that can be realized in their country's hands, and the bonds discovered are currently rated very low in the international market, and they cannot be issued at all, so we can only Sold shares in the company."

An Shilin hurriedly explained, but these explanations not only did not dispel the concerns of Chen Fan and others, but felt that there were many problems.

"If I stood at that angle and needed cash flow, I would not sell such a profitable company in my hand. I would only use it to find a bank for mortgage."

Xu Jing also said at this time, her tone obviously did not approve of An Shilin's words.

"Let's not talk about this first, Mr. An, why did you suddenly think of buying this company? It's so far away from Huaguo."

Zhu Qiye also spoke at this moment, apparently curious about An Shilin's motive for the acquisition.

"Actually, this problem is integrated with the previous one. At present, the international oil price is low. Although YPF has strong development potential, but the market environment is like that, the company cannot bring more cash returns to Pampas, so at this time, Pampas Pas domestically chose to cash it out.

In fact, the current international oil price is low, and many international oil giants are acquiring and merging other competitors in various ways. For example, in addition to the economic situation of the Pampas Republic in recent years, there are also several major overseas oil companies It can be seen from this that the low international oil price is the right time for mergers and acquisitions.”

An Shilin talked eloquently there, because he knew that only by convincing these shareholders could he promote this acquisition and participate in the international oil market. There is no way out for him to rely solely on his own accumulation and development, only through mergers and acquisitions. Even if it is a debt-funded M&A, it is indeed very risky in the short term, but in the long run it is indeed occupying a country's market.

Yes, Aslin still values ​​YPF's monopoly on the domestic oil market in Pampas.

"What he said seems to be similar to what you said last year."

An Shilin was lobbying over there, and now Zheng Xiaopang leaned over and whispered to Chen Fan.

"Did I say that?" Chen Fan smiled, then shook his head, expressing that he no longer remembered saying that.

"You said it before, you said that taking advantage of the low oil price to buy oil fields is to save money." Zheng Xiaopang said.

"Okay, even if I said it, but have you seen the valuation of YPF in the document? I said, 150 to 170 billion yuan, fat man, do you think it's you or Lao An, more than 100 billion , where do we find this money?"

Chen Fan said dumbfounded.

(End of this chapter)