Those present had a deep study of the international economy and were familiar with the drama of the changes in the European steel industry last year. Naturally, they knew the details of the merger case that Yang Xing talked about was enough to change the world steel industry structure.

On February 19, 2001, the three major European steel groups, Albed Steel Company of Luxembourg, Aseralia Steel Company of Spain and Northern Steel Company of France, announced the merger of a new steel group called Aselo. Headquartered in Luxembourg, the merger slogan is to allow the three companies to complement each other's strengths and integrate technology, industry and business, showing the new group's ambition to play a leading role in the steel field and be a global steel industry leader.

These three major groups are the leaders of the steel industry in their respective homes. The result of the strong alliance is that the new group has become the largest steel company with leading output and technology in the world at that time. But Yang Xing and others will not be confused by the superficial scenery, and they all understand that this is just a forced force by European steel mills. Because the European and American economies have entered a mature stage, high-quality industries in the traditional era of large industrialization have gradually become "sunset industries". Large steel mills with chimneys in the past have found it difficult to gain a foothold in the European land that emphasizes environmental protection and nature, and can only choose the path of union.

After World War II, the European steel industry was generally on a downward trend. Even Thyssenkrupp, the largest steel mill in Europe in the past, was in a desperate situation and fell to the point where he wanted to sell his steel mills to the Chinese. However, the steel industry in the Far East was thriving. Needless to say, the most dazzling steel mills in Japan and South Korea were the leap forward in the output of major steel mills in China, which exceeded 10 million tons and soared towards the target of 100 million tons.

In addition to China, there is another new steel power that is also rising, that is India. In recent years, the BJP, the ruling BJP, has developed an economy, and the demand for steel for economic prosperity has increased. Among them, the steel production of the representative company, Mittal Group, has soared and has ranked among the top three in the world's steel industry. Asian steel companies are under increasing pressure on their European counterparts.

Although Luxembourg is a small European country, its steel smelting level is unique. It is the famous European "steel capital". Luxembourg Abed Company is a time-honored European steel industry. However, under the impact of cheap Asian steel, European steel companies represented by Abed declined and their operations were in a dilemma. In the industrial era, scale effect is always the best way to reduce costs. The rise of Mittal Steel in India has a lot to do with its acquisition of steel plants around the world and continuously expanding its own scale.

All this led to the birth of Aselo Steel Group and briefly put it on the throne of the world's number one steel production. This also means that this newly established steel group ranks as the leading position in the world's high-end steel markets such as automobiles, construction, household appliances, and packaging. Its annual sales are close to 30 billion euros, ranking among the top 500 in the world. It is no wonder that Wenyu was surprised and surprised when they heard that Yang Xing was so downplaying about his intention to acquire it.

But they calmed down and thought about it carefully, and felt that what Yang Xing said was indeed correct. This was a trick to break the global iron ore negotiation deadlock. As the largest steel group in Europe and even the world, Aselo is naturally qualified to sit in the global iron ore negotiation seat. If they can get a seat on both sides of the negotiating table, domestic steel companies can naturally learn the Japanese trick of changing left-handed hands. In this way, no matter whether the final negotiation price of iron ore rises or falls, with the relationship between 3 billion tons of large iron ore and Aselo Steel, it can ensure that Chinese steel companies will not become fat pigs slaughtered in vain.

Moreover, after the merger of Ascelo, it owns the world's largest steel research institute, and its main products are high-tech and high value-added products, which is exactly what domestic steel companies lack. Taking automotive steel plates as an example, although the domestic steel production is huge, it always needs to be imported in this regard. Recently, Baosteel has been able to produce automotive steel plates that meet the specifications, but they can only barely be used by automobile companies in Shanghai. The gap is still very large. If Zhongxing acquires Ascelo, at least it can save a lot of foreign exchange on automotive steel plates.

However, it is also conceivable that although Europe is the second largest exporter in China, after China joins the WTO, the speed of European companies investing in and importing from China will soon surpass the United States and become China's largest export market. However, the fickleness and various non-tariff barriers in the European market are also well-known.

Many European countries prefer to link economy and politics, often regard themselves as human rights defenders, and severely criticize many normal trade exchanges between China and Europe. In addition, the EU has not given up on military sanctions against China for more than ten years, and many of Aselo Steel's businesses are related to tanks, armored vehicles and submarines of European military-industrial enterprises. If they want to pass the EU approval, they will definitely be criticized in every way.

Moreover, although Yang Xing is currently building the Yangpu and Sanduao Steel Plants, which are pursuing tens of millions of tons, are still under construction. It has announced that it has discovered a large iron ore of 3 billion tons and will acquire Aselo there. The connection between the two is too obvious. The antitrust sticks of European and American countries are unambiguous. Once someone is discovered that someone attempts to monopolize the excavation and smelting of international steel, even if steel is not as important as during World War II, no one will take it lightly for this monopoly of national strategic resources.

But Yang Xing was confident about the concerns they raised. Because he knew that in his previous life, Aselo Steel was acquired by the unknown Indian Mittal Company in 2006, becoming the world's first steel empire with a production of over 100 million tons. The rise of Mittal Company was achieved through a series of overseas acquisitions. In contrast, Zhongxing Group is now obviously ahead of Mittal in terms of capital and technology, and has a large number of experience in acquiring large overseas companies. Now he wants to take action in advance, just to get Aselo Steel Group before Mittal.

Although it is difficult to acquire Aselo, Yang Xing also has his own trump card. The major steel companies in Aselo's predecessors are all pillars of their country. In addition, the merger has just been completed, the internal shareholding structure is complex and the equity structure is very loose. No strong institutional investor is holding the rudder. As long as Zhongxing can convince some small and medium-sized investors, it will be difficult for the board of directors of Aselo Steel to unite and engage in confrontation.

Of course, such a large company with a long history and brilliant achievements and a net worth of tens of billions of euros is not enough to acquire it in full. Zhongxing must also prove that this acquisition has a bright future for the future development of Ascelo Steel. This requires Zhongxing to link Australia's 3 billion tons of iron ore with China's rapid domestic market, making Ascelo's shareholders feel that the benefits of this acquisition outweigh the disadvantages.

As for the EU's business review that they are most worried about, they are not without weaknesses. Aselo is mainly a three-nation coalition. Although the EU has always been hostile to commercial acquisitions in non-European and American countries, as long as the capital is sufficient and one of them is persuaded, the EU will still abide by the minimum business norms.

In addition, Yang Xing revealed that he had used Starry Sky Human Resources India Branch to successfully provide an attractive business consulting suggestion for Mittal Group owner Lakshmi Mittal, allowing Mittal to participate in the acquisition of Aselo Steel. Mittal himself was indeed very interested in this. He then released news outside that Mittal Group, India, which has the second largest steel production in the world, is also interested in acquiring Aselo Steel.

Regarding You Sihai and Wenyu, Yang Xing was very confused about what Yang Xing had done with his opponents, and Yang Xing explained, "People's thinking is sometimes strange. If you just enjoy a delicious cake alone, no matter how delicious it is, his interest will not be too high. But once you have a competitor, even if the target of the competition is an ordinary piece of white bread, it will make him go all out. If you want to divert the EU's attention from us, it is necessary to introduce a strong competitor."

"This is exactly the purpose of my emphasis on using private capital to downplay the official color of this acquisition. With the strength of Zhongxing's not yet built a steel mill, in the eyes of the EU, the threat of our acquisition of Aselo as a rising star is much smaller than that of Mittal. After all, the joining forces between the world's number one and the world's second is called monopoly. Only by attracting the attention of Mittal can the EU be weakened."

"Before I came, I have contacted many Asylo shareholders in private. As long as I give enough prices, I believe they are happy to see the success of this acquisition. In order to reduce unnecessary trouble, this acquisition will adopt the method of Zhongxing Europe Branch in conjunction with several local investment funds to establish an alliance. The purpose of asking you to come is to go back and advertise for us and attract domestic steel companies to join us!"

Of course, the National Strategic Resources Administration and the China Iron and Steel Association would not refuse this invitation. Yang//Shumilou’s fastest text update has no ads//Xing said that everything should be followed in accordance with international practices. Despite the successful acquisition, the Acelo shares obtained cannot reach the level of controlling shares. But thinking about participating in it, you can not only get the priority indicator of 3 billion tons of iron ore, but also obtain the mature management and steel smelting technology of the Acelo Group. You Sihai and Wenyu think this is simply a big advantage for Yang Xing.

They also understood why this time the main force was Xingwei Resources, but the person sitting was Ma Sanqi, the CEO of Xinghai Business. Because the current president of Xingwei Resources Brightman is a German, it involves government departments such as the National Strategic Resources Administration and the China Iron and Steel Association. Even Zhongxing President Jack Welch has to keep it in the dark. After all, there is also the consideration of "If you are not a race, your heart will be different."

So today's meeting will be chaired by Yang Xing himself. Although he nominally delegated power, some things can only be resolved by him. In the eyes of You Sihai and Wenyu, Yang Xing is the most perfect businessman who combines commercial interests and patriotic behavior. If this plan is successful, Yang Xing will make great contributions to the country. I believe that after they go back, they will say more good things about Yang Xing, which should be able to eliminate the food turmoil in the previous stage and arouse the dissatisfaction of the central government.
Chapter completed!