My rebirth is different

Page 736

However, in a few years, Shanda President Chen will be very regrettable...

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Strictly speaking, what Wal-Mart acquired was not the entire company of Knorr, but only the Modu branch.

Of course, the Xiangjiang head office will not sell it, nor will the Zhoushi branch.

Those two companies also have other assets under them. The Xiangjiang head office also owns a shop king with a market value of over one billion. In Zhoushi, Yu Wenfei mainly wants to repay his hometown.

In the Zhoushi branch, Yu Wenfei has long made it clear that he does not make money, but only wants to let the villagers buy the most high-quality and cheap goods, which is really charity.

So it won't be sold this time either.

After the rigorous and efficient due diligence of the team sent by Wal-Mart, the acquisition progressed very quickly. Yu Wenfei received a notification from Zhou Mengyi that the process had reached the final stage of signing the deal.

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Well-known financial media across the country suddenly received an invitation letter, which was issued in the name of Wal-Mart China Headquarters.

Wal-Mart is going to hold a media conference at the Bund Peace Hotel in Shanghai!

The reporters who received the invitation immediately sensed that this was big news!

Except for holding a media conference when Wal-Mart first entered the mainland, it has been keeping a low profile in the past few years, dormant in the South China market, and has hardly made any big moves.

What happened this time, why did you suddenly go to Shanghai to hold a press conference?

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The Peace Hotel is often full of traffic, and various big brand press conferences continue. Today, as usual, another press conference is held here.

"Xiao Wang, what do you think Wal-Mart is going to do? Could it be announcing its efforts in the East China market?"

"My guess is that Wal-Mart has been too low-key in recent years, too low-key to be worthy of its title of the world's number one retail group. This time it may be to vigorously develop its business in China, and the first choice is our big magic city. Ha ha."

"However, Shanghai includes East China, and Knorr Supermarket is the top dog. Wal-Mart entered this market rashly. I really don't like it. It may not be able to compete with Knorr."

"Hey, ordinary people are always the ones who benefit from business competition. I hope that Wal-Mart and Carrefour will come in, so that Carrefour's products will be cheaper."

A group of reporters gathered in a corner of the conference hall, discussing it.

When the time for the press conference came, the host of the press conference walked out from the backstage, with a microphone in hand, and went straight to the rostrum. The press conference was about to begin.

The reporters in the audience immediately took their positions, set up video cameras, cameras, turned on the recording equipment, and got ready for work.

"Welcome all distinguished guests, let us welcome Mr. Scott, President of Wal-Mart China, and... Mr. Yu Wenfei, Chairman of Xiangjiang Jiale Company!"

There was an uproar in the audience, Wal-Mart's new president, Scott, everyone didn't care too much, but why did Yu Wenfei come?

Does today's press conference have anything to do with him!

Chapter 629 Super M&A

In the audience, Xiao Wang, a reporter from Shanghai Evening News, trembled slightly. He realized that big news was about to happen!

Xiao Wang is Yu Wenfei's loyal "cousin". Although he is a few years older than Yu Wenfei, this does not prevent him from admiring Yu Wenfei crazily.

Because in Yu Wenfei, you can see all those qualities that he tried hard to achieve, but really couldn't.

Handsome and free and easy, amazing literary talent, extraordinary talent, idol writer, entrepreneurial genius, Internet boss, etc...

These are all things that Xiao Wang has dreamed about. Of course, these things only appeared in his dreams, and they have nothing to do with him in reality.

A few days ago, the "Hurun Report" and "Forbes China Rich List" announced that Yu Wenfei was not on the list, Xiao Wang was quite uncomfortable, his idol failed to show off, and the feeling of loss is probably only in fan circles Fans get it.It's like two stars competing for the endorsement contract of a big international brand at the same time. The loser, from the star to the fans, will feel very disappointed.

But today, looking at this posture, Xiao Wang knew that Yu Wenfei was going to shock everyone again!

Just like he used to do!

Xiao Wang is a reporter who runs the financial line. Of course, he understands the strength of Wal-Mart and who is the controller behind the so-called Xiangjiang Jiale Company. Now that the two are connected, Xiao Wang is very clear about what that means.

There are only two possibilities. One is that Wal-Mart will join forces with Knorr, and they will share in each other's supermarket chains and jointly expand the market.But based on Xiao Wang's understanding of Wal-Mart, this situation is unlikely, because Wal-Mart is so powerful that it does not need to cooperate with anyone, and there is no precedent for it to cooperate with others.

The second possibility is that Wal-Mart is going to acquire Knorr!

Then, the amount of this transaction must be astonishing!

Sure enough, before Xiao Wang figured out how amazing this number was, the announcement had already begun on the stage.

Scott, the new president of Wal-Mart China, picked up the microphone with a smile on his face and announced: "Today, I am very happy to announce that after friendly negotiations with Knorr, we have formally reached an agreement! , to acquire all 120 supermarkets and real estate properties of Knorr in East China in cash!"

"Wow……"

"My God! 120 billion?"

"120 billion! It's too... This is too... Scary!"

"Has there been such a big transaction in China? This is the largest transaction!"

"The acquisition of more than [-] billion yuan has never happened in China!"

The originally quiet audience suddenly became noisy.

What Scott announced was truly astonishing. In 2003, the country was not as it was more than ten years later. There were so many super giants, and there were very few large-scale mergers and acquisitions.

Therefore, Wal-Mart's acquisition of Knorr for 120 billion is really shocking.

If it is more than ten years later, this number may not be worth mentioning. With the development of the domestic economy, there are more and more super giant companies, and domestic companies frequently attack, and even wave their banknotes to buy and buy around the world.Sinochem acquired Syngenta for US$430 billion. That is the real wealth and wealth, and the acquisition was all paid in cash!

After Xiao Wang reacted, he immediately squeezed to the front, raised his hand, and asked excitedly, "Excuse me, Mr. Fei, are you really going to sell Jiale Supermarket? With the 120 billion funds, may I ask?" Do you have a new investment direction?"

Of his two questions, the first one seemed a bit lacklustre, because Scott announced it in public, so of course it couldn't be fake.

However, Xiao Wang's question also reflected that most of the reporters present were frightened by the acquisition. The amount was too staggering, and they subconsciously wanted to ask for further confirmation.

The second question is on point.

If Yu Wenfei had no urgent need for money, he would not be in a hurry to sell Knorr Supermarket. After all, Knorr has just become the leader in the retail industry in East China, and it has not made much effort yet, so it is about to sell. It doesn't make sense anymore.

Even if it is sold after a year or two of stable operation, the price will definitely be much higher than it is now.

From the moment he stepped onto the podium, Yu Wenfei sat there with a smile on his face.

Today is a big occasion. He is wearing a dark gray suit with pinstripes. In order to highlight the festive atmosphere, he also specially wore a bright red silk tie. Combing back, it looks very clean and energetic.

According to Yu Wenfei, the overall appearance looks a few years older than his actual age.This is also done on purpose, because all he comes into contact with now are big shots in the business and political circles. If people seem too young, they will be a little bit overwhelmed.

Hearing the questions from the reporters in the audience, Yu Wenfei took the microphone casually and replied: "Knorr Supermarket is actually an experimental product, and it is also a way to create a new model for the domestic retail industry. Because before Knorr, I The retail industry I have seen and come into contact with can be described as a mixed bag! Many unscrupulous merchants are selling low-quality goods and making high profits.