Rebirth of England.

Chapter 740 Acquisition
On March 3, Ashley Webb visited the headquarters of LCR Rothschild Group on behalf of William Webb Capital.

In Chairman David Rothschild's office, Ashley Webb offered him a deal.

William Weber Capital is willing to take over the German financial institution under the LCR Rothschild Group, which means that they can take over all the CDS agreement troubles currently faced by the Rothschild family.

But at the same time, this is not without cost. LCR Rothschild Group needs to sell part of its assets to William Weber Capital and their partners.

This portfolio includes LCR Rothschild’s holdings in BNP Paribas and Natixis, as well as… NM Rothschild Bank.

LCR Rothschild currently holds approximately 5% of BNP Paribas and less than 10% of Natixis.

BNP Paribas currently ranks 9th in the world in terms of bank market capitalization, with a market capitalization of approximately US$900 billion. Therefore, based on this calculation, the value of the shares of these two banks held by the LCR Rothschild Group is approximately 55 billion euros.

As for NM Rothschild Bank, it is the core industry of LCR Rothschild Group. Although its scale is far smaller than commercial banks such as BNP Paribas, Societe Generale, Credit Agricole and Natixis Bank, its private banking business is very outstanding - of course, this was before these scandals broke out.

But no matter what, once NM Rothschild Bank is sold, the LCR Rothschild Group will probably become a shell, and the Rothschild family will only be able to go back to being wine merchants. What they have left in the financial industry will be better than nothing.

The only thing that could allow David Rothschild to listen to Ashley's "plan" calmly was that they promised that in addition to helping them solve the problems with the CDS agreement, they would also assume the compensation lawsuits filed by the bank's customers against the bank after acquiring NM Rothschild Bank.

In this way, at least the Rothschild family could avoid most of the troubles. Although they lost most of their financial business, at least they could continue.

"We are just helping you to coordinate these matters to avoid the shock to society caused by the LCR Rothschild Group, sir..."

The French government representative who came here with Ashley said to David Rothschild:
"Of course, you can choose other partners, but as far as I know, the conditions given by Ms. Weber are already the best among them."

It is now clear that the French side does not want to be too involved in this incident, but they need to avoid causing too much negative impact on the already shaky French economy because of the LCR Rothschild Group's affairs.

Ashley Webb did not show any aggressive attitude at this time. Instead, she felt quite sad. After all, before this, she almost died in a car accident caused by the Rothschild family. But now, she stood in the chairman's office of LCR Rothschild Group as a winner, and would take over NM Rothschild Bank, the biggest competitor of William Webb Capital.

On this day, after Ashley and her group left, David Rothschild sat in the chairman's office for a long time...

Before this, he had learned from some people that the French regulators planned to launch another investigation into the LCR Rothschild Group's other shareholders' accusations that the Rothschild family had harmed the interests of small and medium shareholders, and they were left with few options.

……

"Goldman Sachs and JPMorgan Chase have already made good profits from this short selling. At most, we can sell some of NM Rothschild Bank's business to them..." Hearing Barron's words, Daisy on the other end of the phone couldn't help but say:
"And we have also sold at least 20% of our profits in Japan and South Korea..."

"After all, Europe is more important to us."

Although David, chairman of LCR Rothschild Group, needed time to consider Ashley's proposal, Barron knew that no one else could better help the Rothschild family solve this problem except them.

At least for now.

This is mainly because Barron was confident that after taking over LCR Rothschild, the German financial institution that had CDS agreements with American capital such as Goldman Sachs and JPMorgan Chase, he would be able to reach a settlement with the other party on the CDS agreement.

Before the EU Spring Summit, until March 3, the finance ministers of the Eurozone and EU member states reached an agreement to provide financial assistance to Greece if necessary and clarified various technical methods for coordinated action, but still no decision was made on the rescue mechanism and rescue methods.

Therefore, at this point, Greece's debt default is still a highly likely event.

Apart from Barron's, other French banks and companies, even though they knew that France and Germany were already negotiating on rescuing Greece, it was not easy for such a thing to be approved in a fragmented Europe. Therefore, they would naturally be more pessimistic about the bid of the LCR Rothschild Group.

Baron knew that the ECB's first bailout of Greece would be finalized before its debts to these Wall Street banks matured.

And for Barron, he has a backup plan. On the condition of taking over the German financial institutions under the LCR Rothschild Group and helping them solve the problems of the CDS agreement, he will acquire their shares in the Bank of France and NM Rothschild Bank.

That is, if the Wall Street banks put forward other excessive conditions when Barron came forward to resolve these CDS contracts with them, at worst Barron could provide funds directly to Greece through DS Capital or Standard Chartered Merrill Lynch to repay the loans that these Wall Street banks had previously made for the CDS agreements.

On the one hand, the interest rate offered by Greece's financing at this time is relatively high. On the other hand, he knows that Greece will be able to obtain more than one round of aid from the euro zone, and there is no need to worry about repaying the current loans.

In this way, Barron took the initiative in this matter.

Of course, he can do such a thing, but the Rothschild family cannot do so. Even Wall Street capital does not allow the Rothschild family to do so. Moreover, at this time, the situation in Greece is so bad, and the funds they manage have been withdrawn and exhausted, so they are powerless.

"The most crucial reason is that the French do not want Wall Street's capital to penetrate too deeply into their financial sector. Although this result is inevitable, they are happy to set up obstacles for this."

Here we can see the brilliance of Barron's move through William Weber Capital, which is cooperating with a French family.

(End of this chapter)