Becoming a Russian Oligarch After Rebirth
Chapter 644: Each One Has a Bigger Background Than the Last_1

Chapter 644: Chapter 644: Each One Has a Bigger Background Than the Last_1

A total of twenty percent of shares were sold off, welcoming three new shareholders.

Ten percent of the shares were transferred to BlackRock Asset Management Company from the United States.

This company was highly-prestigious!

Even Wang Ye, who wasn’t particularly interested in capital markets, had heard of this company’s famous name.

BlackRock, also known as "Black Rock," is the world’s largest asset management company, managing up to 4.72 trillion US dollars in assets!

The Group Headquarters is in Manhattan, New York, with offices scattered all over Europe, America, and Asia, with over 12,000 global employees.

It’s said that this group controlled the pension funds of more than thirty states in the United States, including the sovereign funds of several oil-producing countries in the Middle East!

Khodorkovsky made a significant effort to bring this company into the Yukos Group.

Of course, BlackRock wouldn’t miss the opportunity to buy stakes in the Yukos Group.

Who in the world doesn’t know about this? The Yukos Group is undoubtedly the most high-quality energy company, a golden goose...

Since Khodorkovsky was transferring his own shares, Wang Ye was not sure about the exact price, nor did he need to know.

The second shareholder was Allianz Asset Management Company, an investment company from Germany.

This company, among the top five giants worldwide, has nearly up to two trillion US dollars in funds!

The third shareholder were the few Chinese people Wang Ye saw. They came from a large domestic investment company, CICC.

Of course, it was also state-owned capital, with a strong background.

........

According to Khodorkovsky, BlackRock acquired ten percent of the shares, while Allianz and CICC each held five percent.

These were the three new shareholders.

Having heard his explanation, Wang Ye felt reassured.

There shouldn’t be any problem. Khodorkovsky probably discussed Yukos Group’s recent troubles during the introduction of these three shareholders.

Such an issue couldn’t possibly be concealed.

Although the final transaction amount was unknown, it was clear that the shares of the Yukos Group could not be undervalued.

Like BlackRock taking ten percent of the shares, the spending must be in tens of billions or even more than a hundred billion US dollars!

The Yukos Group was worth this price.

Having shelled out that much money, they had given it serious thought before agreeing to invest in the Yukos Group.

In exchange, when the Yukos Group faced "unfair treatment," they would need to exert their own influence to apply pressure on certain powers.

Of course, all these speculations by Wang Ye were yet to be confirmed...

........

"Ladies and gentlemen, this is Mikhail. Deputy Speaker of Duma, Chairman of the Economic Committee, the leader of the Third Faction Party! Of course, he will also be the next chairman of Yukos Group! Oh, and he’s my nephew!"

Drapping an arm over Wang Ye’s shoulders, Khodorkovsky introduced with pride to everybody in the meeting room.

Without a doubt, he took great pride in Wang Ye.

He genuinely considered Wang Ye as his own nephew.

At such a young age, achieving such great success, how could he as an uncle, not take pride in that.

Applause fills the meeting room.

No one opposed Wang Ye taking over as chairman.

The new shareholders must have done their homework before investing in the Yukos Group.

The Yukos Group only had two key figures, one was naturally Khodorkovsky, and without a doubt, the other was Mikhail!

The uncle and nephew duo, not only did they hold the majority of Yukos Group’s shares, but they also had a massive influence on the group.

There was no need to elaborate on Khodorkovsky, he single-handedly set up the Yukos Group and brought it to its current size in just over a decade.

Even though his personal capabilities were exceptional, most of it was due to the historical opportunity.

For in that era, why did only a few super oligarchs emerge among the more than one hundred million people in Russia?

The majority of the people barely benefitted from the era’s dividend, let alone reaping any advantages. They’re even struggling to make ends meet now!

Such is the difference...

Mikhail was viewed by the new shareholders as holding more weight than Khodorkovsky!

Rising rapidly in Duma at just over twenty years old.

Remarkably, he was even highly-regarded by the Kremlin.

He spearheaded the Russia-Japan Oil and Gas Cooperation, secured a massive order for the Yukos Group, and personally bought the Siberian Oil Company, which elevated the status of the Yukos Group in the energy industry and almost monopolized the national oil industry!

This young man had brilliant capabilities and audacity, as well as a dazzling official status.

Moreover, he maintained a good personal relationship with the biggest force inside Russia!

He was the best choice to serve as the chairman of the Yukos Group!

......

Wang Ye showed a modest smile, waiting for Khodorkovsky to finish.

He bowed slightly and said sincerely:

"Thank you, Khodorkovsky...

For the trust and support of the chairman, and also the support of all the shareholder representatives present. As everyone supports me to be the chairman of Yukos Group, I will not let everyone down.

Hopefully, with the concerted efforts of everyone in the Group, we can operate the Yukos Group to even greater success.

And to bring rich returns to all shareholders..."

As long as this crisis was overcome smoothly, Wang Ye was very confident that the Yukos Group’s profits would increase significantly every year!

You must know that the international crude oil prices are at a low point in these two years.

In the future, those oil prices would start to climb, and at the highest point, the prices could even be three times higher than they are now.

The Yukos Group controlled eighty percent of Russia’s oil production, would it not be...

Unimaginably rich indeed!

It was clear that every shareholder of the Yukos Group would earn a fortune.

No one would be able to find fault with him as chairman.

Actually, Wang Ye found it rather surprising that Khodorkovsky introduced a new shareholder from China. This was undoubtedly a masterstroke!

You have to understand, in the next twenty years, China was going to be the largest energy importer in the world!

With a shareholder as significant as China’s state-owned enterprise, wouldn’t China be importing more oil from Russia?

Moreover, when the pipeline is completed in a few years, transportation would be significantly more affordable and secure.

This would even promote the relationship between the two countries through oil trade.

After all, Russia’s preference still lies with the rich "relatives" of the West, looking down on their former "younger brother" of the East.

But with Wang Ye’s rise and through various major and minor moves, both overt and covert, the two major powers were unknowingly brought closer...