Becoming a Russian Oligarch After Rebirth
Chapter 591 Russian Auto Group_1

Chapter 591: Chapter 591 Russian Auto Group_1

Naturally, fooling around would not be tolerated.

Though Wang Ye didn’t really care about this acquisition, it was simply because someone else did the caring for him.

Kaja, together with the acquisition team formed by Polar Bear Investment, had been working on this for months.

All the details had been fine-tuned a countless number of times. Hence, everything was foolproof, leaving only the final signing and payment!

The signing ceremony naturally took place at Ford Headquarters. Kaja was sent there with her team while Wang Ye did not go.

His past experience in the United States had left a shadow in his heart.

The last time he went there, that incident occurred. Although he got his revenge in time, it had still left an uncomfortable feeling in Wang Ye’s heart.

Anyway, if he could avoid going, he would. He didn’t have anything that required going there.

Besides, a business acquisition of this magnitude was not suitable for him to make an appearance under his current status.

In business, Wang Ye tended to stay behind the scenes and keep a low profile as much as possible.

......

On November 8, major media around the world reported a piece of news.

A mysterious capital from Russia had taken over three major brands under the Ford Group: Volvo, Land Rover and Jaguar, all at once!

The transaction amount was as high as 42 billion US dollars!

It was a well-known fact that the Ford Group had been selling off its sub-brands. Many car companies had been in talks with the Ford Group, hoping to take advantage of the situation.

But who could have expected someone to act so quickly and dish out such a large amount of cash to buy the three brands all at once!

Car companies that were hoping for a price reduction through time delay were now in deep regret.

As local media in Russia, they naturally gave this news the highest publicity. Almost all TV stations broadcasted it at prime time.

The reason they called it a mysterious capital was because the company that bought the three brands was a virtually unknown new company, which was just registered before the acquisition!

The company was named "Russian Automobile Industry Group", abbreviated as "Russian Auto" ...

Oh, this is not the same as the "Russian Gas" company where Aleksey used to work. The full name of that company is "Russian Natural Gas Industry Group".

The fact that it dares to use the country’s name as a prefix naturally shows that the background of this company is not simple.

Of course, this is the company that Wang Ye just founded, intending to acquire and operate the three automobile brands.

The establishment of this company, as well as the acquisition of the three brands, didn’t cost Wang Ye a penny!

Based on the agreement with Aleksey, Wang Ye first registered the Russian Auto Group without investing any capital. It was essentially a shell company.

Then, in the name of Russian Auto Group, it issued 50 billion US dollars of corporate bonds in a bank controlled by Khodorkovsky.

Aleksey then directed financial staff in his department to buy all the issued corporate bonds worth 50 billion US dollars.

Of course, besides the Ministry of Energy, no one else would fall for this ...

In this way, Russian Auto Group ended up with a whopping 50 billion US dollars in capital, out of which 42 billion was used to acquire Ford Group’s three sub-brands.

It was still left with 8 billion US dollars in cash!

Strictly speaking, although the whole process was legally compliant, there were still issues.

It was, in effect, exploiting loopholes in the law.

If anyone tried to make trouble using this, it would all come down to whether Wang Ye could withstand the pressure. If he could handle it, there would be no problems.

If he couldn’t, there perhaps wouldn’t be a big issue with the Ministry of Energy, but Wang Ye’s group company would definitely be done for.

In fact, Wang Ye had deliberately done this.

He wanted to see if anyone would come out to criticize him.

Regrettably, even after the funds were in place and the brands had been acquired, there was no movement at all.

It seemed that various forces tacitly agreed that Wang Ye’s operation did not have any issues. This made Wang Ye feel a bit bored.

......

After settling the acquisition of the car brands, Wang Ye took on another title, the "Chairman of the Russian Auto Group".

Like other companies, Wang Ye would not manage this company personally. The three brands each had their own management team, which were basically retained after the acquisition.

The design and marketing departments were left in their original places, but production was slowly being transferred to Russia.

Otherwise, this acquisition would not have achieved its purpose.

His goal in the automobile industry was not to make money, but to promote the overall development of Russia’s industry!

Many people understood this point, because if they really wanted to make money, there were many more industries worth investing in.

With these tens of billions of US dollars, if they were invested in the oil field, natural gas field, gold mine, etc. Wouldn’t they make much more money than the automobile industry!

The reason why Ford wanted to sell off so many sub-brands was not only because of its situation, but also because the entire automobile industry was not doing well.

Otherwise, these brands wouldn’t have fallen into Wang Ye’s hands due to "bargain hunting".

The price of 42 billion US dollars seemed quite high.

However, remember that it was for the purchase of three car companies!

And they were all famous brands in the industry, especially Land Rover and Volvo, which were definitely considered high-quality assets.

This could be why there were some minor issues during his acquisition, but no one came forward to stir up trouble.

"Did we just buy that? Are Jaguar, Land Rover, and Volvo our brands in the future?"

In the office, Wang Ye and Rossiyana were looking at the final acquisition contract.

Rossiyana asked incredulously.

Though she was involved in this the whole time, including when Wang Ye was fundraising, it still felt too fast.

It seemed that in the blink of an eye, several world-renowned car brands were tucked under Wang Ye’s wing.

Her family also ran a business, and it was quite large-scale. They also had similar acquisition cases.

But when did such large acquisitions of tens of billions of dollars become so straightforward...

It felt like these tens of billions of dollars didn’t count as money in Wang Ye’s eyes!

"Yes, we need to support our own company in the future. Change your Ferrari. I can give you a friendship price. Feel free to choose among Volvo, Jaguar, and Land Rover," Wang Ye joked.

Of course, these brands couldn’t compare with Ferrari.

Rossiyana took it seriously though. She thought for a moment and laughed, "No need to change, but I can buy a new car. Let it be Land Rover. I always thought that driving a Land Rover was quite prestigious. People who don’t know me will think I’m a dominant woman, hehe."

An idea came to Wang Ye’s mind. Yes, these brands now belonged to him.

He had to support them first. Otherwise, if even he drove a car of another brand, how could he expect others to support his?

Perhaps, he should first replace his entire fleet of cars.