Chapter 1488: The Warenburg Family Bleeds

After the targets were divided, the Illuminati Foundation began to mobilise.

This had to be done in secret, and they would not leap out until the preparations were sufficient, to deliver a fatal blow to the Francisco family.

Considering the rapidly changing situation in Europe, this process was not destined to take a long time.

When the Bright Foundation began to target the Francisco family,

a few short days had passed.

News of the fierce battle between the Austrian branch of the Bright Foundation and the Wallenberg family in Switzerland had already spread far and wide.

The Wallenberg family had already suffered, but Peter Wallenberg had no choice but to forge ahead.

The Barmettlen family was a well-known and powerful family in Switzerland. The family made its fortune in the eighteenth century, starting in the field of silk manufacturing and trade.

Over the past two hundred years, and through the hard work of five generations, the Barmettlen family has expanded its business to include a number of different fields, and has established pillar industries in many of them.

In particular, starting in 1956, the Barmettlen family made a major adjustment to its development direction, establishing a financial investment office that began to focus on public and private equity transactions using the huge amount of capital accumulated through industry.

In terms of public equity transactions, the Permira family's financial investment office mainly invests in Swiss listed companies, using a traditional buy-and-hold strategy.

In terms of private equity, the Permira family's financial investment office focuses on growth, buyout and special situation funds in North America and Europe. In addition, it also invests in real estate, bonds and fixed income funds.

As a top Swiss capital company, Longo Asset Management in Geneva, Switzerland, naturally has the Permira family's investment.

In 1981, the head of the Permed family, Harris Permed, increased the family's shareholding to 5.18% by investing a large sum of money and was also awarded a seat on the board.

Over the years, Longo Asset Management has indeed benefited the Permed family a lot.

Of course, this benefit only ended before Longo Asset Management's actions in Hong Kong...

At this time.

In the family's financial investment office, Harris Permuter was cheerfully receiving Peter Wallenberg.

'Mr. Harris, I already know about the last time you discussed with my subordinates.'

'I think my presence here today already represents my sincerity.'

'And I also come here today with the friendship of the Wallenberg family,'

Peter Warburg looked at Harris Permad with a solemn expression on his face.

Harris Permad's expression also became solemn at once upon hearing this, and he nodded, saying, 'I thank Mr. Peter for his respect for our family, and I also very much hope to establish a deeper friendship with the Warburg family.'

As soon as he finished speaking, Harris Permad immediately changed the subject: 'Of course, there are some things that I also need to consider for the entire family. I need to be accountable to other family members, and I hope that Mr. Peter will understand.'

Peter Wallenberg kept his expression unchanged, nodded and replied 'Of course', but in fact he was secretly cursing Harris Perminder for not falling for his tricks.

However, before coming today, Peter Wallenberg had already prepared to make a large loss, and he had never considered going home empty-handed.

'Mr. Harris, the day before yesterday, my subordinate quoted you a price of 4.87 Swiss francs per share to buy the Lonco Asset Management shares you hold, but no agreement was reached.'

'Since I've come here in person today, I hope we can come to a win-win situation. I'm willing to raise the price to 5.04 Swiss francs per share,'

Peter Wallenberg said solemnly.

The total share capital of Longo Asset Management is as high as 320 million shares, and the number of shares held by the Permod family has reached 16.576 million shares, accounting for 5.18% of the total share capital.

Peter Wallenberg's offer price per share was raised by 0.17 Swiss francs, and the total offer price was 83.543 million Swiss francs, an increase of 2.818 million Swiss francs.

Compared to the previous day's price, it was indeed very sincere.

But that was only compared to the previous day.

But today is different from yesterday!

After a moment of silence, Harris Permod looked Peter Wallenberg in the eye and shook his head slightly, saying, 'Mr. Peter, this is not a sincere offer.'

'Since you have been watching the stock market, you should know that after the market opened today, the share price of Longao Asset Management reached 3.92 Swiss francs.'

'And the day before yesterday, the share price was only 3.61 Swiss francs.'

'In two days, it has risen by 0.31 Swiss francs per share.'

'The stock market has risen so much, but the offer you're giving me has only risen by 0.17 Swiss francs per share, which means the premium has actually dropped.'

Peter Wallenberg was deeply hurt by these words.

'Mr Harris, you should know that this share price does not reflect the true value of Longo Asset Management. It is currently overvalued.'

The reason for this is simple: news of the Bright Fund competing with the Wallenberg family for Lonco Asset Management had spread, and other investors naturally wanted to take advantage of the situation and raise the price as much as possible to recoup some of their losses.

Harris Permod shook his head and laughed: 'Peter, we all know in the investment world that there is no such thing as an inflated or non-inflated price in the financial market. The price of a commodity is a real-time reflection of its value.'

'So if your offer doesn't satisfy me, I'm afraid I have to decline.'

After saying this, Harris Permord paused for a few seconds before slowly saying, 'I can reveal a piece of news to you. Just half an hour before you arrived, I received calls from other people, and their offers were much higher than yours. It's just that I made an appointment with you yesterday to meet today, so I didn't accept them.'

'Is it the Bright Fund?' Peter Wallenberg frowned, his mood not good.

Harris Permord gave an apologetic smile, but did not answer.

'I'm sorry, forget I asked,' Peter Wallenberg said with a shrug and a slightly apologetic expression.

Then, after a minute of deep thought, he looked at Harris Perminder and said sincerely, '5.3 Swiss francs per share!'

This price, even at today's opening price, is a 35% premium, which is really quite good!

If you compare it to the previous day's share price of 3.61 Swiss francs per share, the premium is nearly 50%.

It really is very sincere.

Harris Permord sat up straight, locked eyes with Peter Wallenberg, and solemnly said, 'Mr. Peter, if you had offered this price the day before yesterday, the agreement would have already been signed.'

The words were polite, but still a rejection.

Peter Wallenberg's brows tightened again, and a fire rose in his heart. He said in a deep voice, 'Mr. Harris, I think I am very sincere.'

Harris Permord smiled indifferently: 'Mr. Harris, you may have underestimated the other party's determination.'

Peter Wallenberg's fingers subconsciously clenched, and his knuckles turned pale.

'So, Mr. Harris, what price do you consider satisfactory?'

Harris Permord was not so stupid. He smiled, shook his head, and played the game: 'Mr. Peter, I am only a passive seller, and I should not be the one to quote the price.'

Peter Wallenberg was very annoyed, and could only restrain himself with great effort, nodding slightly.

Another ten seconds passed.

He looked into Harris Permord's eyes with a knife-like gaze, and said in a very determined tone: 'Mr. Harris, this is my last offer. If it doesn't work, I will have no choice but to give up. I'm not joking.'

'5.5 Swiss francs per share!'

This was already 1.58 Swiss francs per share higher than the opening price of the day, and the premium was over 40%!

The two men looked at each other for a long time. After weighing his options for a long time, Harrismith finally couldn't decide whether Peter Wallenberg would really give up, and he finally decided to take the good deal.

He smiled and held out his hand to Peter Warembourg: 'Mr. Peter, congratulations!'

Peter Warembourg let out a sigh of relief, and although his heart ached, he managed to force a smile and shake Harris Permord's hand: 'I still have to thank you, Mr. Harris, for your help.'

Harris Permuter said, 'Then I'll have someone prepare the agreement.'

'Okay,' Peter Wallenberg agreed immediately. He didn't want to wait any longer.

Soon, with the assistance of the staff and the witness of the lawyer, the two parties signed the acquisition agreement.

The 16,576,000 shares of Lonco Asset Management held by the Permuter family were transferred at a price of 5.5 Swiss francs per share, for a transfer price of 91.168 million Swiss francs.

When the agreement was fully signed and in hand, Peter Wallenberg let out a long sigh of relief, but thinking about the price, he felt his heart bleed.

'If it weren't for the Bright Fund meddling, the share price of Long Ao Asset Management would never have rebounded. I am completely confident that I could have bought the shares held by the Barméde family for just over 60 million Swiss francs.'

'Why did I end up spending over 20 million Swiss francs more!'

'Damn Bright Fund!'

Thinking that the shares held by the Permad family only accounted for 5.18% of the total share capital, and that more shares needed to be acquired, which would require even more blood to be shed in the future, Peter Wallenberg hated the idea of getting rid of Thomas Müri, the managing director of the Austrian branch of the Bright Fund.

'Mr Harris, I hope that you can keep the price as confidential as possible.'

In order to save as much money as possible, even if he felt that the probability was very slim, Peter Wallenberg still forced a smile on his face and made a request to Harris Permad.

'Of course, I will keep it a secret,' Harris Permad replied without hesitation, as if he was certain he could do it.

'Thank you.'

'Mr Harris, please send someone with me, and I will arrange for the funds to be transferred to the account you specify.'

'Okay.'