Rebirth

In the afternoon, Lalu Lehua appeared in Li Feng's suite at the Ritz Hotel.Li Feng once again signed a 40% share transfer agreement with Lehua Winery and a cooperation agreement between the winery and the wine industry group. Starting next year, Li Feng's wine industry group will own 4 Tier quota.

The Empress of Burgundy was resolute and resolute. After the visit, she didn't do anything besides signing a contract with Li Feng. She turned around and directly offered to leave without any stay.

He stayed in Li Feng for a while, but unfortunately, they still insisted on going back to the countryside of Romani Village. Well, the small village in the country seemed very attractive.

I said goodbye to everyone, and when I was free, he took the business card from Wang Siqing and Li Feng directly called.

Before thinking about the other shareholders of Spring Department Store, they saw the name of Credit Lyon Bank. This was the name of Credit Lyon Bank. Last year, MGM was the asset in Credit Lyon Bank. Last year, when he took over, it can be regarded as dealing with others.

Last time, it was the line led by the general manager of the presidential palace. Therefore, Li Feng thought of the general secretary of the presidential palace-Dominic Delvipan, who had been in contact.

"Hi..., hello, Dominic, this is St. John Lee of Century Group!"

"Wow... I didn't expect it to be your call from the rich man. I have to congratulate you. It is said that you have just arrived in France, but you have included the Italian Gucci Group in your pocket. You really deserve to be the son of wealth."

"Haha, good luck, no, just after finishing my work, I thought of your old friend, do you have time, I have a treat, come out for a drink, how about?"

"OK, that's my pleasure, I know you are at the Ritz, right? I think the famous Hemingway Bar at the Ritz is a good place to drink."

"Hehe..., then I'm waiting for a big drive!"

"Bye!"

"..."

...

When I hung up the phone, Li Feng couldn’t help feeling for a while. The facts once again proved that his identity is indeed different now. No, the secretary-general of the presidential palace, speaking of which he had contact with MGM before. When I called by myself, they came to the door.

Similarly, Li Zekai, the superman who saw Li Feng call on the phone, also gave Li Feng a thumbs up and expressed his admiration.After all, people like the Secretary-General of the Presidential Palace are considered big figures in a country, and as a result, Li Feng made people come in person with a single call.

Naturally, in fact, this is still the Eastern thinking at work. In Western society, rich people like Li Feng, and also have top military enterprises like Heishui, now Li Feng’s influence is already very large, plus The world’s top wealth is actually affordable for people to visit in person.Even if it is to receive the treatment of the head of state, it is more than enough for Li Feng's current achievements, and it is not a big deal.

At this time, on the second floor of the famous Elysee Palace, in an office in the president's office and living area, Dominique Delvipan, the president's butler, just hung up the phone at this time, and couldn't help thinking in his heart.

He didn't believe that Li Feng, the American super-rich, would call himself for no reason, and immediately picked up the phone on the desk to make a call, but he practiced the intelligence department of the presidential palace and began to understand that Li Feng came to Paris. Then the specific itinerary and related affairs are up.

Soon after Li Feng came to France, a detailed report of the next series of actions arrived in Dominic’s hands. He picked up the report in his hand and looked at it for a few moments. The chief butler of the presidential palace turned his head. Go to the far away presidential office.

...

"Mr. President, I just received an invitation here, maybe you will be interested." Dominique Delvipin said with a smile to French President Jacques Chirac who looked up at him.

"Hi... Dominic, what good news do you have for me."

"Look, there is a Hermes (God of Wealth in Greek mythology) now in Paris."

"Oh..., tell me about it." He said, he took the document handed over by Dominique Delvipin.

"St. John Lee, the son of the American Emperor's rapid and unbelievable rise of wealth. Recently, he has set off another storm on the European side. When he arrived in Paris, he bought the Italian Gucci Group in his bag, and he went to This reclaimed land-Romani Village.

According to our understanding, it seems to be in contact with the Burgundy Bacchus-Henri Jaye, which is probably related to Jaye’s winery. After all, among luxury goods, top wines are also top luxury goods. This is not what LVMH does. Well.

I have had contact with him before. It was at MGM last year. He received MGM from Credit Lyon Bank. Didn’t you worry about Credit Lyon Bank before? Maybe you can talk to overseas consortia. Let’s talk, this son of wealth also has his own bank."

"Perhaps, by the way, you asked him to meet tonight?"

"Yes, he is staying at the Ritz Hotel. If there is nothing wrong, I will have a drink with someone."

"Wow... Since he has just returned from Burgundy, I don't think he will be stingy with a bottle of wine bar. I will go with you after work. I will also meet this new era of wealth legend. I have said this person, such an outstanding young man, I am very interested."

"Are you sure, OK, I'll make arrangements."

"..."

...

Li Feng didn't know at this time. His phone call bombed the French president and expressed his curiosity about him, and he wanted to meet him in person.

At the same time, Li Feng is looking at the information collected about Credit Lyon Bank. After all, it is necessary to contact people about the situation of the Paris Printemps department store. In addition to the previous situation at MGM, it can be regarded as Credit Lyon. Banks have been in contact, knowing that they are now in a trough and on the verge of bankruptcy, so they naturally want to understand.

As for the information in his hand, at this time, Li Feng couldn't help but be grateful that he was wise. Now the time has come for the strategic intelligence department to play a role. Some public information was soon passed to Li Feng, and there were even some secret information. It also came together.

Looking at the situation about the Lyon Credit Bank, Li Feng couldn't help being speechless for a while, and he said, "If you don't die, you won't die. Yes, in Li Feng's view, this bank is definitely doing it by itself."

Credit Lyon Bank was originally one of the largest commercial banks in France. Later, France implemented bank nationalization, and Credit Lyon Bank eventually became a 100% government-controlled state-owned bank.

Then in the 1980s, I don’t know if the government or the management at that time had a fever, and wanted to make it the facade of the French bank, and carried out a blind expansion. Finally, in 1993, the Credit Bank just looked at it from the book. Indeed, it became the largest multinational bank in Europe at the time and ninth in the world, with total assets exceeding US$300 billion.

Unfortunately, the good times are not long. Blind expansion has led to a huge increase in bad debts, non-performing assets, and high-risk assets. Moreover, the rapid expansion has led to management chaos and serious annual losses.

From 1992 to 1994, a total loss of 20 billion euros in just less than 3 years, plus more than 10 billion US dollars of bad debts, non-performing assets, nearly 30 billion US dollars of high-risk assets, the bank was on the verge of bankruptcy.

...

So far, the French government has rescued the bank twice. The first time was in 1994. It first injected billions of francs directly, and then transferred the bank’s nearly tens of billions of bad debts to a new company. Remove the burden, thinking that Credit Lyon can be brought back again.

Unfortunately, they still face huge losses every year. In addition to bad debts, banks still have nearly tens of billions of dollars in non-performing assets and tens of billions of dollars in high-risk assets. These are the consequences of previous busy expansion.

In the end, a second rescue had to be carried out in 1995.

At that time, the French government once again divested the bank’s high-risk assets of nearly 30 billion U.S. dollars. Naturally, the bank had to pay for these tens of billions of U.S. dollars. The result was 60% of the bank’s annual pre-tax profit for the next 20 years. To be turned over to the national treasury.

In addition to the divestiture of non-performing assets, the French government finally decided to privatize Credit Lyon Bank and sell the retail business of banks outside Europe.

Yes, the bank was nationalized at first, but this time it was back to the original point, and the bank was to be privatized again.As for the retail business of Credit Lyon Bank outside Europe, it was naturally swallowed up by the other financial consortia.

......

It can be said that the two government bailouts of Credit Lyon Bank shocked the European and global financial circles, what did Credit Lyon Bank say at that time.At least in name, it is also the largest super bank consortium in Europe and the ninth in the world. Such a consortium is suddenly on the verge of bankruptcy, and its influence is predictable.