In fact, in addition to BT and BP, there are still many other big meals in the feast of privatization of UK state-owned enterprises, which are worth trying to taste, and will not hit the teeth like Britt oil's IPO failure. For example, Gao Xian is very optimistic about the British natural gas company.
As the most important household energy and service provider in Britain at this stage, it has a de facto market monopoly like BT. when its shares are publicly listed, it is self-evident that it is attractive to investors.
According to the privatization process of BG, it is much more cost-effective to strengthen the follow-up now than BT, which is basically a foregone conclusion with the underwriters.
After all, Morgan Stanley is again favored by the British government, and it is impossible for Niu Boyi to draw all the good meat into his bowl.
At the same time, in Gao Xian's view, the British government's strategy of hoping that North American investors will become the main buyers and long-term holders of British Telecom stocks is too wishful thinking. It is very likely that those British Telecom stocks will return to the British financial market after they have earned a handling fee by wall street.
At that time, the British government, which has made "mistakes", will no longer dare to favor Morgan Stanley alone; In contrast, Goldman Sachs, which wants to be dissatisfied and resentful about the British Telecom underwriter, should be "compensated" by virtue of its old qualification to follow up the privatization of British natural gas company, while Gao Yi took a ride and got his share of the income from the level of the primary market.
Eric Dobkin pondered for a while and tasted one of the subtleties, which made the British government feel bad and ashamed because of the British Telecom underwriter, which can increase the success rate of obtaining the listing underwriter of British natural gas company.
High string music, everyone in this industry, can mix to this level, are all Millennium foxes, which is transparent at all.
Following up the privatization of British natural gas company is a big task. For example, at least Britain should push a relevant bill and let Goldman Sachs consume it first.
I don't know if I've talked about Morgan Stanley more times. Morgan's people unexpectedly took the initiative to contact Gao Xian. Of course, the other party is not Morgan Stanley, but Morgan Jianfu.
Because the United States, which experienced the great depression, introduced the glass Steagall act in 1933, which prohibited a company from providing commercial banking and investment banking services at the same time, the Morgan consortium split into a Morgan Stanley, and the business of the Morgan consortium in Britain is Morgan Jianfu.
Strictly speaking, the internal ties of the Morgan consortium have been completely broken at this stage. In the past, JPMorgan also held about one-third of the shares of Morgan Jianfu. However, because JPMorgan's Morgan guarantee company went to London to attack the city and land, it has become a direct competitor of Morgan Jianfu, so that in the past two years, both sides have simply "cut their robes and cut their righteousness" in the shares In terms of "bilateral relations", Morgan Jianfu is far more distant than Morgan Stanley and JPMorgan.
The person who contacted Sir Gao was Christopher Reeves, the chief executive officer and vice chairman of the board of directors of Morgan Jianfu, who was ten years older than Gao Xian, but still belonged to the representative of innovation in the circle of London's financial street.
In contrast, bill mcworth, chairman of the board of directors of Morgan Jianfu, is a traditional representative of the circle of London's financial street. He was born in a superior family and married a count's daughter. He is calm, rigid and full of gentlemanly style.
Therefore, after Christopher Reeves contacted him, Gao Xian was only a little surprised, and then relieved. Christopher Reeves is really better at breaking all kinds of traditional rules than Bill mcworth. It's no surprise that he wants to talk about business.
As a result, Gao Xian was disappointed. Christopher Reeves did not immediately come up with any ready-made business. Instead, he greatly appreciated Sir Gao's business achievements over the past decade and his recent leadership of Xiangjiang finance as president of Xiangjiang exchange fund authority. If you want to make good friends, please come to Morgan Jianfu headquarters to visit yunyun if you have time.
I can publicise others for the feast of privatization of British state-owned enterprises. Of course, others can publicise myself, but I don't know what Christopher Reeves's idea is for the time being.
No wonder Gao Xian asked the secretary about his schedule. Not to mention, before going to Frankfurt, he can really squeeze out a short period of leisure. Let's go to the door.
At this time, Morgan Jianfu chose bill mcworth representing the tradition and Christopher Reeves representing the cutting-edge, which reflects the idea of seeking change in stability of this old investment bank. After all, bill mcworth is a big leader, and Morgan Jianfu has more traditional styles, such as traditional zhuanboyi.
Just as Wall Street 23 and JPMorgan directly drew an equal sign, Morgan Jianfu, located at 23 greater Winchester street, a traditional financial district in London, did not hang a signboard outside, a fairy style without copper smell.
Gao Xian's car passed the Bank of England and the British headquarters of Morgan guarantee company in a magnificent brown granite building not far away, and then to 23 greater Winchester street, it was obvious that Morgan Jianfu's headquarters was cramped.
Gao Xian can't help laughing. Times have changed. Now people like to be direct. The simpler and crude the headquarters is, the more luxurious it is. It's best to have a large square with flags flying in front of the door, the more powerful it can represent.
Entering the hall, Gao Xian finally saw a sign that can represent Morgan Jianfu, an ancient bronze medal hanging in the middle.
On Morgan Jianfu's side, bill mcworth went to American public relations, and Christopher Reeves was in charge of the reception.
Walking slowly on the thick carpet, I casually enjoyed the oil paintings of St. Paul's church, the Bank of England and two wheeled carriages on the road illuminated by gas street lamps in the Financial District of London at the end of the 19th century. Sir Gao, who never lacked emotional intelligence, opened his mouth and complimented. What strong humanistic atmosphere came to my face, One hundred and fifty years of history is fascinating. In contrast, Gao Yi is ashamed. There are only cold computer query terminals in the lobby. Christopher Reeves, who explains attentively, gets such a response and smiles.
However, sir Gao, who is going to Frankfurt soon, has no enough time to socialize as brothers. After he tasted coffee, he went straight to the theme. I feel the kindness of you and Morgan Jianfu. I have the opportunity to play host in Xiangjiang, but now I have to prepare for going to Frankfort Wharf. There is not enough time. If there is anything to do, Let's be honest.
Christopher Reeves was also very straightforward and immediately stated his purpose. Gao Yi has made remarkable achievements in expanding international business in the UK for many years, and it can be seen that it is actively participating in the privatization process of more UK state-owned enterprises. This coincides with Morgan Jianfu. It is better for the two sides to reach a strategic partnership in order to show their sincerity, Morgan Jianfu is willing to give 5% of its shares to Gaoyi first, so that Gaoyi can become the strategic shareholder of Morgan Jianfu.
After Gao Xian was surprised, he thought a little. He really had no idea about Morgan Jianfu. At this stage, Morgan Jianfu's most brilliant business is asset management, including its being the financial adviser of the queen of England, but Gao Yi is also excellent in the field of asset management business.
Moreover, in some business areas, Gaoyi can surpass Morgan Jianfu, which is still conservative at this time. For example, in the primary market, it pays great attention to the newly listed stocks every time.
Of course, Gaoyi also inevitably has its own shortcomings, such as securities underwriting, mergers and acquisitions of large international enterprises that need strong national governance resources as support, but Morgan Jianfu may not be able to provide more help in this regard than JPMorgan Chase Bank and Goldman Sachs.
The benefits of the so-called strategic cooperation that Gao Xian can immediately think of are nothing more than the signboard effect of Morgan Jianfu, but now Gao Yi really doesn't need this urgently.
Therefore, Gao Xian frankly said that it is a big matter. He needs to take the news back to Xiangjiang and think it over.
According to the rules of the adult world, sir Gao's statement is a euphemistic hint that he is not very interested in the "old" Morgan Jianfu.
In this regard, Christopher Reeves, who even said he understood, did not show any negative emotions except secretly disappointed. He should also have a clear account in his heart. After sending Sir Gao away, he sighed and picked up the phone.