·Three parties compete for Fuqi assets Beiqi Guangzhou Automobile did not give up

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Recently, the news about Dongfeng’s reorganization of Fuqi has been rampant. It is reported that Dongfeng has reached a memorandum of cooperation with Fuqi. After many interviews, our reporter learned that apart from Dongfeng, BAIC and GAC never gave up the idea of ​​restructuring Fuqi, but because of the differences between the parties, Fuqi may have to face splitting if it is finally reorganized.

Dongfeng loves southeast

According to Dongfeng insiders, when Dongfeng and Fuqi talked about restructuring, Dongfeng’s bottom line was to take the southeast.

In fact, the cooperation between Dongfeng and the Southeast has been going on for a long time. In July last year, when Dongping’s chairman Xu Ping responded to Dongfeng’s purchase of the southeast, he said ambiguously, “Dongfeng needs reorganization, but there is no news in the southeast. There may be news in the future.”

Xu Ping said that Dongfeng's main consideration in the restructuring issue is whether it can enhance Dongfeng's research and development capabilities. As a self-owned brand of Fuqi, Southeast Auto has certain research and development capabilities in addition to its own assets and its strategic position in South China.

In addition, one of the employers of Southeast Auto is China Automotive, which is a subsidiary of Taiwan Yulong. Therefore, Dongfeng Yufu’s contact with Dongfeng Yulong has continued. In addition, the Fujian Provincial Government issued the "Twelfth Five-Year Plan for National Economic and Social Development of Fujian Province" this year to support the cross-industry cross-industry mergers and acquisitions of advantageous enterprises.

BAIC is connected by Daimler

Although Dongfeng and Fuqi have already had a clear cooperation intention, Dongfeng's overall restructuring of Fuqi still has great difficulty, which is due to the complexity of Fuqi's own assets.

Fujian Daimler is part of Fuqi. In the Fushun restructuring project, Daimler has been trying to match the “marriage” between BAIC and Fuqi. According to reliable sources, BAIC had previously set up a project team to negotiate mergers and acquisitions with Fuqi. The project team has been running and has not given up.

According to the above-mentioned person, BAIC and Fuqi are not "calling" because Fuqi hopes to package Southeast and Fujian Daimler by BAIC, and BAIC is willing to take over only Daimler, so the negotiations have been delayed. Going to the substantive stage.

Guangzhou Automobile is interested in Mitsubishi

In addition to Dongfeng and Beiqi, GAC has been secretly planning for a long time. When Fuqi once again considered the introduction of funds to be reorganized, it also thrown an olive branch to Guangzhou Automobile in the first time. GAC confirmed that it had received an offer from the Fujian provincial government, but has not yet negotiated.

The reason why GAC is interested in Fuqi is mainly because Mitsubishi Motors, especially after the establishment of GAC Mitsubishi, GAC hopes to be able to unify its Mitsubishi business in China, so as to avoid future differentiation of Mitsubishi products and internal friction. The acquisition of Fuqi can also add an industrial base for GAC in South China.

Mitsubishi Motors and Guangzhou Automobile have the same desire. In addition to the above reasons, if Fuqi is acquired by GAC, Mitsubishi can have one more joint venture in China.

It can be seen that although Fuqi is a toon, but because of its complexity, the overall reorganization is difficult. To maximize the benefits, Southeast Motors should be split into Southeast China and Southeast Mitsubishi, respectively. Reorganized with Guangzhou Automobile. Obviously, asset splitting is also a difficult problem. No matter which kind of restructuring method, Fuqi is faced with no small problems, and the road to negotiations in the future is still very long.

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