The Son of Finance of the Great Age

  Chapter 687 The end of the hero

   "Mr. Meckler, hello, I am Ludwig Heine, the lending representative of Hauck Bank's Berlin head office, this is my colleague Werner Bach, I believe you must be familiar with it!"

  Baden, Germany, the headquarters of VEM investment company, after three consecutive days of appointments, Ludwig Heine from Berlin finally met Adolf Merkel.

After realizing VEM Holding Group's short-selling on Volkswagen Group and Porsche's conspiracy, Werner Bach immediately realized that something was wrong, and contacted Berlin almost immediately. On Monday, he was called personally Arrived in Berlin for questioning. After the management of Hawker Bank realized the seriousness of the problem, they immediately appointed Ludwig Heine and Werner Bach to go to Baden to solve the problem of VEM Holding Group.

  Despite their desperation, they did not have the opportunity to see the debtor until Thursday due to Adolf Merkel's deliberate prevarication.

   “The stock price has fallen, is that considered good news?”

   Adolf Meckler stared blankly at the computer screen in front of him, nodded absently, and muttered something in a low voice. He didn't realize it until the next moment, stood up quickly, and stretched out his hand towards the two of them, "Hello, may I ask who you are?"

   "Ludwig Heine, from Berlin!"

  A dissatisfaction flashed across Adolf Merkel's face in an instant, but the speed was too fast and he was a little absent-minded. Adolf Merkel didn't notice it. He only felt that the tone of the other party's speech was a bit weird.

"It turned out to be the credit officer of Hauck Bank. I'm really sorry for the disappointment. I don't know what the two of you are doing here this time?" Adolf Merkel glanced at Werner Bach, and he was already thinking about the other party. I understood the purpose of coming, but still asked knowingly.

"Our reason for coming has been made clear during the communication with the secretary!" Ludwig Heine was very dissatisfied, but still maintained his superficial politeness, "But if your secretary doesn't communicate with you in time, we It’s the same here. We came here this time because of the previous loan.”

   "Oh, that's it, I see!"

Adolf Meckler pretended to be suddenly enlightened, and patted his forehead one after another, "My secretary has already reported to me what you said, but I have been busy and forgot. I am really sorry , but what I don't understand is, haven't I already negotiated with Mr. Werner Bach about the loan? Not only does this loan not need to be repaid immediately, but it has been extended for half a year?"

"Is such that…"

   Werner Bach was so embarrassing, he quickly stood up and argued. But before he could say a few words, he was abruptly interrupted by Ludwig Heine.

"Mr. Meckler, you must not be clear. When Werner Bach's request was sent to the head office, we have thoroughly rejected the request after detailed due diligence and risk assessment." Ludwig Bach said. Heine said calmly, "And through the risk assessment, we have determined that this loan has considerable risks, which are far beyond what we can bear. In addition, you violated our agreement before and transferred this loan without permission. The loan was used for other purposes, and according to the agreement, we decided to call back the loan early."

"Recover this loan in advance?" Adolf Merkler kept his face unchanged and snorted twice, with a bit of disapproval, "Breaching the agreement? The risk is very high? I don't know how your bank evaluates it. I don't think we There are problems with the risk control and operation of the company, and so far, it’s all your one-sided words, which is hard to convince.”

   "Want to be convincing? It's easy!"

Faced with Adolf Merkel's rogue tricks, Ludwig Heine showed no timidity at all, but showed an aggressive posture, "According to the documents you disclosed to Werner Bach, it clearly shows that you are Use this loan to short the stock of Volkswagen Group. That is to say, you did not use the funds for business management, but invested in high-risk securities investment. Judging from the skyrocketing stock price of Volkswagen Group in the past two days , Your position in the Volkswagen Group has already exploded, and you even owe a lot of debts. Mr. Merkel, am I right?"

  Adolf Meckler's complexion changed drastically, his lips muttered for a long time, but he still didn't say a word.

"According to our calculation based on yesterday's settlement price, your position in the Volkswagen Group has been completely liquidated, and you also owe a large debt to the broker, which is estimated to be around 2.24 billion euros. Excluding this part of the debt, the original VEM Due to the unfavorable acquisition of Heisenberg Cement, the holding group owed more than 1 billion euros in debt. Adding the two together, the debt of the entire VEM holding company exceeds 3 billion euros."

Ludwig Heine said expressionlessly, "Although I believe that based on your current stock price and assets, there is no problem for VEM Holding Group and its companies to pay off these debts. But the problem is, if These news have been leaked, problems such as cessation of loans, debt collection, stock price drop, and cash drying up are far from what we at Hawke Bank can bear. So I am very sorry that we are here today, and we are going to negotiate with you for early repayment money issue."

Although Ludwig Heine just assumed certain circumstances, Adolf Merkel couldn't hear the threat in it, and his face changed drastically at the moment, he smiled reluctantly, and said beggingly: " Mr. Heine, you wouldn't do that, would you?"

"It's not up to me, it's up to you!" Ludwig Heine said coldly, but his tone relaxed the next moment, "We have no obligation to keep VEM secret. But then again, if we If we can get out in time, this matter will have nothing to do with us!"

  His implication is naturally that as long as VEM Holding Company can repay the loan in advance, Hawker Bank will not announce the financial crisis of VEM Holding Company and its subsidiaries.

   "Repay the loan in advance? What about the interest?" Adolf Meckler immediately retorted, "You must know that within the scope stipulated in the contract, if you repay the loan in advance, the interest will be fully exempted."

  In order to attract big customers like VEM Holding Group, the branch of Hawker Bank in Baden City did everything possible to curry favor with the other party, and even signed such a loan agreement.

  Ludwig Heine gave Werner Bach a dissatisfied look, and then quickly said: "We don't want this part of the interest. After all, compared with the principal, this interest is really nothing."

The corners of Adolf Meckler's mouth twitched, his eyes rolled around, and he came up with another trick, "How about this? If you are still not at ease, I can use VEM's equity as collateral. As for the price? , We can discuss it. The general pledge in the market is 50% of the market value, and I can mortgage 40% of the market value to you in exchange for another loan from you."

"Mr. Meckler, don't waste our time!" Ludwig Heine's face sank completely, "If we release this news, the consequences may not be bearable by VEM Holding Group, let alone our The loan is only a mere 30 million euros, and I believe that the dignified VEM Group can still afford it. I believe Mr. Merkel can clearly distinguish which is more important!"

   It's already a dead end, and Ludwig Heine's last trace of patience is about to disappear.

   Adolf Meckler knew this well. After pondering for a while, he pressed the phone in front of him, "Hannah, let the treasurer come to my office!"

   Compromised!

   Which is more important, Adolf Merkel naturally has a clear distinction, in this case he has almost no other choice. Not long after, a chubby, balding middle-aged man walked quickly into Adolf Merkel's office. Because he walked so fast, there were even bead-sized beads of sweat on his forehead.

   "John, how much cash do we have in our account?" Adolf Meckler looked at the man named John solemnly, and asked bluntly.

   "Counting the amount due this month, plus what needs to be paid in advance, and interest income, etc..." John didn't understand, but he still answered honestly.

Adolf Merkel immediately showed an impatient look on his face. He didn't need these specific data. Besides, there were two outsiders present here, and it was even more inconvenient to disclose sensitive data. He interrupted immediately John’s words, “You just need to tell me the specific amount, and you don’t need to report the rest.”

   "Yes! Yes!" John's forehead became more sweaty, "A total of 174.3 million euros. Boss, do you need money? This money is..."

   "Clear the loan to these two as soon as possible!"

   Adolf Meckler frowned and interrupted John again, "These two are from Hauck Bank!"

"Hauke ​​Bank?" John nodded after looking the two of them up and down, "The loan of 30 million euros is not too much, and it can still be squeezed out. I will operate it right away, but boss, I I have to remind you that similar early repayments cannot happen again. If there are more demands, I think it may be difficult to maintain daily operations.”

   "Understood, let's pay these two gentlemen!" Adolf Merkel waved his hand impatiently.

  Ludwig Heine and Werner Bach looked at each other, and they both saw the joy in each other's eyes. Ludwig Heine even smiled and said: "Mr. Meckler, thank you very much. Although what you said is a bit hypocritical, we are sincerely sorry for this visit and hope you can get through this smoothly .”

  The words are beautiful, but it is not known how much sincerity is in them.

  At this time, Adolf Merkel had no intention to continue pestering them. He waved his hand impatiently, signaling them to go out with John to go through the relevant procedures, "Since I have already repaid the loan in advance, I hope you..."

   "Of course, of course, we will not leak these situations!"

  Ludwig Heine, who had already walked to the door, hurriedly said, "Mr. Meckler, you can rest assured. Our Hawke Bank will absolutely keep your situation 100% confidential."

  …

  What Adolf Merkel did not expect was that this was just the beginning of the pursuit. Although Hawker Bank kept its promise, the brokers who shorted Volkswagen Group could not bear the huge loss and frequently asked VEM Holding Group for debt collection. When multiple parties failed to collect debts, the broker had to reveal the whole matter, so everyone knew that VEM Holdings Group was in financial crisis.

  Adolf Merkel hated Zhong Shi, who planned the whole thing, to the bone. He thought it was Zhong Shi's action against him, and he didn't think he was just a fish in the pond.

  The stock price plummeted, debt collections were everywhere, loans were hopeless, and cash dried up. These bad situations appeared on VEM Holding Group two months later. After seeking help from all directions to no avail, the desperate Adolf Meckler finally chose to commit suicide by lying on the rails, ending his legendary life in a tragic way.

The most regrettable thing is that on the second day after Adolf Merkel ended his life, a consortium of banks decided to issue an emergency loan of 400 million euros to VEM Group, which to some extent saved VEM Holding Group and the lives of its subsidiaries, but could not save the life of Adolf Merkel.

   Thanks to the book friends Flying Fei, Demon Dragon and War Ghost for voting for the monthly ticket! This stage has come to an end, the author needs to continue to sort out ideas, and strive to write better in the next stage, please be patient and wait~

  (end of this chapter)