Rebirth of the Strongest Tycoon

The 38.6% equity of Gulf Oil Company was bought by Pacific Oil Company for a total of 4 billion U.S. dollars.

Originally it was less than four billion U.S. dollars, but Xia Yu was not short of the millions of U.S. dollars, so he rounded up directly.

This funding, of course, all comes from the Galaxy Fund.

After all, Pacific Oil Company is not owned by any consortium, and naturally does not move the funds of those banks.

Moreover, this time to take over the assets of the Mellon Consortium, the funds that need to be used are very large, and those who need to use the bank's financial assistance.

Although the major banks have mobilized a lot of funds to support financial companies to do more pounds, yen and stock markets in various countries.

However, after the old Mellon fell ill, Xia Yu ordered various financial companies to change and find other external banks to allocate part of their capital so that their major banks could raise funds.

In this way, you only need to pay a portion of the margin and pay interest, and you can use the funds of other banks without the need for substantial collateral, which is the most convenient and quickest.

To talk about the cost, it is nothing more than exposing some of the long actions and accepting the supervision of other banks.

However, considering the general trend of the global financial environment, it doesn't matter if you do more anyway, it doesn't matter if you expose a part, it can't pull hatred, and there is no risk.

With these four billion U.S. dollars, the Mellon family has more than ten billion U.S. dollars.

At this moment, the Mellon family has a lot of confidence.

In contrast to the previous stance of concession, they frequently attacked the capital market.

The purpose is the equity of New York City, Pittsburgh National Bank and General Reinsurance Company.

Moreover, the Mellon family is totally unreasonable and arrogant. If the premium is three-tier, it will be five-tier. If someone comes to grab it, it will double.

Anyway, it is inevitable!

Many original shareholders have fallen under the Mellon family's dollar offensive.

No way, it is too much!

At the same time, the Mellon family is constantly supplying ammunition and selling off assets.

Xia Yu didn't reveal his relationship with the Polaris Consortium, only that he was his ally. As for how the Mellon family would guess, that was their business.

Since Polaris Capital acquired Wells Fargo, Wells Fargo has never stopped its mergers and acquisitions.

And the target of mergers and acquisitions is not for those banks that are very difficult to acquire, but to take the bottom line and target those community retail banks in each state.

The influence of these banks is still limited in each state. Deposits are mainly from residents. Because of their strength problems, they lack high-yield investment channels. Therefore, they have empty assets, but their annual operating profits are not good.

And Wells Fargo is backed by Polaris Capital, and Xia Yu is behind it. There is no such thing as having no place to use funds.

Therefore, Wells Fargo bought a community bank, which is called a fierce.

In just a few years, Wells Fargo has become a well-deserved nationwide bank through continuous mergers and acquisitions.

How fierce is it?

Fifty-seven local community banks were acquired in five years!

Bank assets are the third in the United States to exceed 100 billion U.S. dollars!

More than Chase Manhattan Bank and New York Morgan Guarantee Trust Company.

In terms of assets, it is second only to First Citibank and Bank of America!

The total deposits of depositors also exceeded 100 billion U.S. dollars, more than First Citibank and several billion U.S. dollars less than Bank of America.

Next to Wells Fargo, there are Toronto-Dominion Bank of Canada, Northern Trust Bank of the United States, and East West Bank.

Together, these three banks and Wells Fargo have bank assets of up to 200 billion U.S. dollars.

Therefore, although the liquidity of the Polaris Consortium is not comparable to the Rockefeller Consortium, which has hundreds of financial companies, it is also comparable to the First Citibank Consortium.

With so much capital in hand, it is not too easy to acquire the assets of the Mellon Consortium.

US$210 million to take over the well-known chain pharmacy chain in the United States, and the second largest chain pharmacy chain in the United States.

US$570 million to take over 19.3% of the equity of Bergen Bruceweig, a large American pharmaceutical retail and health insurance service company. This company is the core enterprise of the California consortium and was previously infiltrated by the Mellon consortium.

140 million US dollars, took over 22.8% of the shares of Mylan, a large generic drug company listed in 1973. This company is the second largest generic drug company in the world, and it is only now emerging.

US$220 million to take over an 18.7% stake in Comcast, Pennsylvania’s largest cable, broadband network and IP phone service provider.

1.07 billion U.S. dollars, took over 15.7% of the US Sun Oil Company. This 99-year-old company is a comprehensive group. In addition to being the second largest base oil service company and the third largest motor oil producer in the United States, it is also involved in chemical, coal, real estate and other industries. The U.S. dollar acquired Texas Pacific Petroleum Corporation, and in 1984 it even entered China, forming a joint venture with Sinopec to establish China Sun Petroleum Corporation.

Buying a 14.2% stake in Hershey, the largest chocolate and confectionery company in North America, for US$390 million.

US$320 million bought 16.1% of the well-known Heinz company in the United States. This company is a century-old company in the nutritional food field. Later generations were acquired by Buffett and 3G Capital for US$28 billion.

There are also 13.7% of American Air Products Co., Ltd., 16.3% of PPG Industries, and 24.2% of American Crown Holdings in the industrial field.

The three companies are large companies in the fields of industrial gases and coatings, coatings and specialty materials and glass fibers, industrial packaging and equipment.

In addition, there are 12.2% of PPL Corporation (Pennsylvania Power Company) and 11.7% of Lincoln National Group in the financial sector.

These six companies together cost 1.19 billion US dollars.

None of these companies are the core companies of the Mellon Consortium, but are value investment assets.

Of course, it cannot be ruled out that the Mellon consortium has the intention to annex these companies in the future.

Unfortunately, with the advent of this crisis, the Mellon family had to abandon these unimplemented plans.

They chose to sell the shares of these companies and exchange them for $4.11 billion to recover their blood.

In addition to the sale of equity assets for value investment, the Mellon family also sold a 70.4% stake in the Philadelphia Naval Shipyard, the 15th largest in the United States, to Wells Fargo at a price of 1.03 billion U.S. dollars.

In another Pennsylvania shipyard, the tenth largest in the United States, the Mellon family left a 33.4% stake and sold a 31.7% stake to Wells Fargo for a sale price of $600 million.

Leaving this equity proves that the Mellon family has not given up, but Xia Yu is also happy to do so.

In this way, the Pennsylvania Shipyard is backed by the Polaris Consortium and the Mellon Consortium.

Combining the power of the two consortiums, it is much easier to compete for orders for U.S. Navy warships and submarines. UU Reading www.uukanshu.com. com may be in a few years, and Pennsylvania Shipyard's ranking may be in the top five.

As for the steel sector, the Mellon consortium sold all its assets.

The wholly-owned Huiling-Pittsburgh Steel Company sold for $3.1 billion.

Allegheny-Ledrum Industries, a well-known company in the field of special steel, sold 90.4% of its shares for US$2.84 billion.

The 33.5% stake in Amco Steel was sold for US$1.61 billion.

The 34.7% stake of National Steel Company was sold for US$1.25 billion.

The four companies sold a total of 8.8 billion U.S. dollars.

Together with other assets sold, the Mellon Consortium has taken a total of US$14.54 billion from the Polaris Consortium.

After a intensive transaction, the Mellon Consortium's liquidity exceeded 30 billion U.S. dollars at once, and the confidence was all at once.

Just because of the acquisition of these four steel companies, the Polaris Consortium has just joined the Cleveland Consortium!