Rebirth of England.

Chapter 695 Completion of the Agreement
According to the equity swap agreement reached between Gucci-Hermès Group and Nestlé Group at that time:

If the share price of L'Oréal Group is lower than 8 euros per share in the next eight years, they have the right to buy the L'Oréal Group shares held by Nestlé at any time at a price of 120 euros per share.

If the share price of L'Oréal Group is higher than 8 euros per share in the next 120 years, they have the right to buy the L'Oréal shares held by Nestlé Group at any time at the then current share price.

When they reached this agreement, affected by the subprime mortgage crisis, the share price of L'Oreal Group fell from more than 100 euros at the beginning of last year to around 70 euros at that time. After that, the share price of L'Oreal Group fell again...

Although their stock prices have risen since the beginning of this year, they have only returned to the level of more than 70 euros.

In this case, if the Gucci-Hermès Group purchases the L'Oréal Group shares held by the Nestlé Group at a price of 120 euros per share in accordance with the agreement, it would be equivalent to giving a premium of more than 65%.

For Nestlé Group, it is certainly willing to implement this agreement. After all, historically, the share price of L'Oréal Group has never reached 120 euros per share. It can be said that they have picked up a great bargain.

But Barron knew that it would be more cost-effective to buy L'Oréal Group shares at 8 euros per share within the eight years stipulated in the agreement, because after that, the share price of L'Oréal Group would rise sharply, and at that time, it would take several times the amount of money to acquire L'Oréal Group.

Now that it has obtained the permission of the Bettencourt family, the Gucci-Hermès Group will be able to complete the agreement with the Nestlé Group and obtain the 29.44% of the L'Oréal Group shares held by the Nestlé Group.

Thus, together with the L'Oréal Group shares they had previously acquired in the secondary market, the share of L'Oréal Group shares held by the Gucci-Hermès Group will exceed 35%, thus surpassing the Bettencourt family's shareholding in the L'Oréal Group and becoming its largest shareholder.

At the same time, this shareholding ratio will also enable the Gucci-Hermès Group to make a takeover offer to the L'Oréal Group, thereby completing the acquisition of the remaining shares.

However, Lilina Bettencourt is not completely confused. She just does not want her daughter's family to control the L'Oreal Group, but she will not give up the Bettencourt family's shares in the L'Oreal Group.

Therefore, she agreed to allow Gucci-Hermès Group to acquire the shares of L'Oréal Group held by Nestlé Group on the premise that after Gucci-Hermès Group acquires L'Oréal Group in the future, the Bettencourt family will retain its shares in L'Oréal Group and have corresponding voting rights on the board of directors, thereby maintaining some influence on L'Oréal Group.

Things always have to be done step by step, and Barron did not expect to achieve success in one go, so he instructed Ashley Weber to agree to Lilinaya Bettencourt's request, and the two parties reached an agreement.

In this way, after the Gucci-Hermès Group completes the agreement with the Nestlé Group on the acquisition of L'Oréal Group's shares, it will officially start the acquisition of L'Oréal.

……

"Hello, Your Highness, I am Talulah Riley."

"I know you. Your performance in Pride and Prejudice was eye-catching."

This is a charity dinner held by the Devonshire Charity Foundation in London. Funds will be raised for medical assistance for women and children in Africa. Accordingly, many celebrities and public figures have also been invited to the dinner.

Barron was no stranger to the tall beauty who walked up to him and greeted him. She was the young actress Talulah Riley who had recently gained a certain degree of fame for her role in "Pride and Prejudice".

Of course, in Barron’s previous life, she also had another identity, that is, Elon Musk’s second wife…

As mentioned before, Musk met Talulah Riley through a friend's introduction when he came to London to relax last year after divorcing his first wife. But in this world, Musk was hosted by Barron in London at the time, so he did not meet Talulah Riley.

And Barron did not miss this beauty. For example, the invitation letter that Talulah Riley received for this charity dinner was sent by Barron.

As the youngest Duke of England and the wealthiest person in England, this charity dinner held in the name of the Devonshire Charitable Foundation owned by Barron naturally attracted everyone's attention.

It is no exaggeration to say that receiving an invitation to this dinner can even become a symbol of status.

Although Talulah Riley has gained a certain degree of fame in the UK through her previous role in "Pride and Prejudice", which of the stars who can come to this charity dinner is not the hottest and most popular in the UK?
Therefore, being able to receive an invitation was enough to make Talulah excited.

The most important thing was that now at the dinner party, she actually met the Duke of Devonshire himself!

It is no exaggeration to say that the opportunity to talk to Barron Cavendish is the dream of girls all over England and even Europe.

After all, this handsome Duke had been rumored to be divorced before. After he became single again, he could be said to have become the top single aristocrat in Europe. Who could resist the temptation of such a Duke?
Therefore, Talulah Riley would naturally not miss the opportunity to get to know each other.

In fact, before this, Barron had already dealt with countless celebrity ladies who tried to strike up a conversation with him. After all, His Royal Highness the Duke could be said to be a very low-key aristocrat. In recent years, he only appeared at the Royal Ascot during the British social season, and he always sat in one of the seats closest to the royal family, and would not give ordinary aristocrats the opportunity to chat with him.

He rarely shows up at charity dinners like this one, and now that they have a chance to get close to him, these people no longer care about their reservedness.

Barron wouldn't talk to Talulah Riley for too long on such occasions.

Just as she was struggling with how to hand over the tissue paper on which she had just written her phone number with lipstick to the handsome Duke in front of her, she suddenly heard him ask:
"Ms. Riley, do you have WoawChat?"

"what?"

Talulah's almost shut down brain finally came back to its senses, and she quickly said:
"Yes, Your Highness, I have registered for WoawChat before, it is a very useful application..."

"Then let's add each other as friends. Maybe I'll have a chance to invite you to dinner later."

"It was an honor."

I saw Barron put his phone into the WoawChat add friend page and handed it over...

Talulah quickly took it and entered her cell phone number...

Suddenly, she recognized that this phone was very similar to the newly released Mate 3, but there were some differences in some details.

(End of this chapter)