The Son of Finance of the Great Age

  Chapter 676 The most short squeeze in history (3)

  Werner Bach returned home dejectedly, took a few bites of dinner in a hurry, and then lay down on the bed in a daze.

  As the credit manager of the Hauk Bank branch in Bafu State, he has the power to lend funds to a certain extent. Facing a giant like VEM Asset Management Company, he was originally the object of curry favor. However, due to the acquisition of Heidelberg Cement, VEM has difficulty in cash flow, and the stock price has fallen again and again. Under such circumstances, all banks have become cautious in lending to VEM Group, and Hawke Bank is no exception.

  Two months ago, Werner Bach issued a half-year loan of 30 million euros to VEM Group for its capital turnover. Considering the huge assets of VEM Group, this loan is nothing at all. However, during a routine inspection this weekend, Werner Bach was surprised to find that Adolf Merkel did not use the funds for turnover, but used it as a mortgage for the equity of the Volkswagen Group and put it in The capital market was short, which surprised and angered him.

  Although the words to block VEM were released, Werner Bach knew that this was not practical at all, and the VEM Group may still loan cash from other banks. Who didn't think that Adolf Merkel was even tougher, and even threatened to block the Hauck Bank, and Werner Bach suddenly lost his footing. You must know that he is only a credit manager of the Bauer Bank branch. If the VEM Group is missing from the customer list of Hawke Bank because of him, God knows what serious consequences will happen.

  Werner Bach had to compromise and gave up the request for the VEM Group to repay the loan within a time limit. He also said a lot of good words, and then reluctantly suppressed Adolf Merkel's dissatisfaction. Naturally, he realized that the VEM Group may have made a lot of profits in shorting the investment of the Volkswagen Group, so he was able to speak so forcefully.

   Werner Bach, who was severely taunted by Adolf Merkel, will naturally not be in a good mood after returning home, and he will not even be in the mood to do the weekend "homework" between husband and wife.

   This naturally caught the attention of his spouse Sarah Bach. She is a handsome young woman, exuding mature charm all over her body, with charming blue-eyed blonde hair and seductive and enchanting curves. In the past, as long as she made a slight hint, Werner Bach could not help himself immediately. And tonight, no matter how she signaled, Werner Bach just remained indifferent, which made her feel very strange.

   "What's the matter, honey?"

  Sarah Bach gave up the seduction, lit a women's cigarette, and lay side by side on the large and comfortable double bed with Werner Bach, talking with each other.

   "No problem!" Werner Bach shrugged his shoulders and made a helpless gesture, the corners of his mouth slightly raised, with a wry smile on his face, "I had some minor problems at work today, it's a pity."

   "Really?" Sarah Bach seemed to be interested, and chased after him, "What is the trouble? Why do I think the problem is not small, I have never seen you like this before!"

"Credit problem. I went to VEM Group today and found that a loan that was originally used for turnover was used for other purposes. When I asked to terminate the contract and repay the loan in advance, the other party didn't care at all, and even threatened me. Put the entire Hawker Bank into the blacklist. As a last resort, I have to give up my principles and temporarily agree to their violation." Werner Bach sighed and explained the reason for the matter. His wife took a look and said lightly, "Their funds are all invested in shorting the stock of Volkswagen Group."

"what?"

  Sarah Bach's complexion suddenly changed. She immediately got up, looked at her husband seriously, and asked seriously, "Is what you said true? How can you be sure that these funds are shorting the public?"

Sensing his wife's strange behavior, Werner Bach realized that something was wrong, he turned his head to look at Sarah Bach, and nodded seriously, "They showed me the transaction records and position documents, and they are sure that they are shorting Volkswagen Group There is no doubt about the shares. What, is there something wrong?"

Sarah Bach's complexion suddenly became ugly. After hesitating several times, she said hesitantly: "Today, our company drew up an announcement about the acquisition of the Volkswagen Group. It turns out that we have already held more than 70% of the shares. Volkswagen Group shares.”

"This...how is this possible?" Werner Bach sat up straight all of a sudden, "Why didn't I see any related announcements? This...don't you know that this is illegal? God, this is incredible !"

  Werner Bach does not doubt the authenticity of this news at all, because he knows that his wife works for the Porsche board of directors, specifically drafting some paperwork such as press releases and announcements. He himself graduated from a finance major and has a clear understanding of the provisions of the German Securities Law. Therefore, when he heard that the Porsche Group had acquired more than 70% of Volkswagen shares, his first reaction was that the Porsche Group had violated the regulations on information disclosure.

Porsche Group's acquisition of Volkswagen Group can be regarded as the largest merger case in the German business circle in recent years. As long as Germans with a little economic and financial knowledge are paying attention to this acquisition case of snake swallowing an elephant, let alone a professional, His wife works for Werner Bach at the Porsche Group again.

"No, no, no. It's not all shares. Except for the part of the shares stipulated by law, the rest are options." Sarah Bach shook her head like a rattle, "The board of directors will announce the news tomorrow, today's The announcement has been approved by the board of directors, and you will know everything by then."

"Options?" Werner Bach breathed a sigh of relief, but the next moment he realized that Wednesday is the delivery day for this month's stock index and options. "Oops, there are only three days. Wonderful, wonderful , it's really wonderful!"

"What's so wonderful?" Sarah Bach rolled her eyes and said disdainfully, "Isn't this a common way to buy shares and options? Why didn't I see what's so wonderful about it?" After finishing speaking, she took a long puff of green smoke, her face full of contempt.

"You don't understand this!" Werner Bach turned around, approached his wife Sarah Bach's face, and said seriously, "How can you say that you are a layman! Do you know that there is a It is stipulated that as long as the option contract is paid in full, the position does not need to be disclosed. This also means that the Porsche Group has been secretly absorbing the options of the Volkswagen Group. On the surface, they have bought a certain amount of shares of the Volkswagen Group. There is a feeling of powerlessness, but in fact it is Mingxiu Plank Road who secretly hides Chencang and deceives the entire market."

   "Really?" Sarah Bach winked like silk, blushing on her face, glanced at her husband lightly, and said in a tired voice, "Are you planning to do the same?"

   "..."

Only then did Werner Bach realize that the postures of the two were a bit ambiguous, he couldn't help but sighed, turned over and sat up, and said with some disappointment: "Sarah, what do you think about every day? Do you know what this means? "

"What does it mean?" Seeing that her husband didn't mean that, Sarah felt more disappointed than the other party, but seeing the serious face and serious attitude of the other party, she could only force herself to suppress the desire in her heart and asked in cooperation. , "I really don't see what's so great about it!"

"Amazing?" Werner Bach kept shaking his head, "This is more than a terrific thing, it is simply the beginning of a rule. Do you know that when this news is announced, the short sellers of the entire Volkswagen Group shares will face heavy losses. Not only that, the Frankfurt Exchange may also change the trading rules so that even those institutions that pay sufficient margins have to disclose their positions, this may be the only case, an unprecedented case."

"so what…"

  Sarah Bach yawned without image, put out the cigarette butt, turned over and left her husband with a graceful back, "It's getting late, go to bed early!"

"Hey! Hey! I haven't finished yet!" Werner Bach yelled dissatisfiedly, reaching out to push her, "Do you know that this may involve billions or even tens of billions of market transactions? God, it's kind of weird when I think about it!"

  Sarah Bach, who was already in the mood to sleep, snorted twice and didn't continue to answer. It seemed that she was planning to end the topic. Werner Bach suddenly felt bored for a while, and looked at his wife again, and was about to turn off the bedside lamp.

   At this moment, a thought appeared in Werner Bach's mind in a blink of an eye, which immediately made him stop planning to rest. He sat up straight again, his eyes were as big as copper bells, he stared blankly at a certain place on the wall, after a while he slapped his thigh suddenly, and said, "I finally know what's wrong!"

  The joy turned into sorrow, but under the violent fluctuation of his mood, the palm of his hand did not slap on his thigh, but on his wife. After a clear "snap", there was no expected pain in the thigh, and Werner Bach realized that he had shot the wrong part, and he thought it was bad.

Who wouldn't think that Sarah Bach didn't fly into a rage as expected, but instead looked at her husband charmingly. When she saw Werner Bach take off her pajama pants in a hurry, her peach blossom eyes almost burst into tears Come out of the water, "Honey, you have to be gentle!"

   "Where did you go!"

Werner Bach sighed, put on his trousers and said, "If the Porsche Group really makes a statement tomorrow, then the VEM Group's loan will be in trouble. I must report this matter to the head office immediately. Report and discuss how to deal with this debt that may become bad debt."

   As soon as the voice fell, he had already put on his clothes messily, opened the bedroom door and walked out. Not long after, there was a bang, and Werner Bach went out overnight.

  Sarah Bach watched all this in a daze, put her hands deep into her hair in annoyance, pulled her charming blond hair, suddenly raised her head to the sky, and let out a scream of "ah".

  Only this cry can express her loneliness in the empty boudoir!

  …

  On October 23, in the afternoon, Porsche’s official website suddenly posted such a statement, and at the same time, the Frankfurt Exchange also received a statement with the same content. Soon, this statement spread throughout the market through major media.

"As of October 23, 2008, Berlin time, when this announcement was released. Porsche Holding Group already owns 42.6% of the shares of Volkswagen Group. Regarding the above information, the Group has made complete information disclosure to the society in accordance with relevant laws and regulations. The content disclosed in this statement does not fall within the scope of mandatory disclosure. However, in order to ensure the standardized operation of the market and safeguard the interests of Porsche shareholders, the company’s board of directors and management decided to disclose it to the public on the basis of not violating the law. Porsche Holding Group currently owns 31.5% of the stock options of the Volkswagen Group. Regarding the exercise of these options, the Group will strictly follow the regulations of the Frankfurt Stock Exchange.

above. "

  As soon as the short statement with only a few hundred words came out, it immediately detonated the entire global market, especially those hedge funds that unscrupulously shorted the shares of Volkswagen Group.

  The happy weekend of the fund managers was immediately ruined. Most of them chose to return to the office as soon as possible, and called their researchers to discuss countermeasures.

   was cornered!

   Thank you for your monthly votes, such as I don’t know Huang Youyou, Crab Reading, Passing Water, Not Very Fat Sheep, Xia Yangyang, etc.! There are also many book friends who have not mentioned it, and I would also like to express my gratitude! I didn’t write it until midnight yesterday, and I’m sorry for everyone... But please believe that the author will continue to work hard this holiday. I wish you all a good time, and hope that more book friends will come to pay attention to and support this book ~

  (end of this chapter)