Rothschild team beind Volvo sale to Geely
http://www.reuters.com/article/idUSLDE62S17C20100329
One of China’s most senior female bankers, two top Swedish industrialists and a childhood friend of London’s mayor led the Rothschild team that helped Geely seal China’s biggest-ever overseas autos takeover.
Signing the deal helps cement Rothschild’s [ROT.UL] standing as the busiest adviser to the automotive industry — and underlines the family owned bank’s impeccable establishment credentials.
On Sunday, Li Shufu’s Zhejiang Geely agreed to buy Volvo Cars from Ford for $1.8 billion. That capped months of painstaking negotiations over the future of the Swedish maker of robust sedans, which Ford has owned for a decade.
Even before the Volvo transaction, Rothschild had worked on $89.25 billion worth of auto deals over the last 12 months, according to Thomson Reuters data, more than any other bank. Recent clients include Volkswagen (VOWG_p.DE), BMW (BMWG.DE) and the British and U.S. governments.
People familiar with the matter said Jennifer Yu, Rothschild’s top investment banker in greater China, and London-based Meyrick Cox, one of the three co-heads of the bank’s automotive team, helped lead the deal.
Yu is married to the adopted son of former Chinese President Jiang Zemin, according to a 2008 article by French business magazine Challenges.
She helped smooth relations with the Chinese government, whose support was vital for Geely, the people said. “She’s one of those people who tends to get whisked through security at airports — it’s very impressive,” one said.
The car-obsessed Cox, a former Goldman Sachs (GS.N) partner who switched banks in 2002, was key in negotiating complex intellectual property issues, one person said.
As a child, Cox won a scholarship to the elite Eton College alongside his friend Boris Johnson, now London’s mayor.
Also instrumental were Rothschild adviser Hans-Olov Olsson and Pehr Gyllenhammar, vice-chairman of Rothschild Europe, who have ties stretching back decades to Volvo Cars and its former parent Volvo AB (VOLVb.ST).
Olsson served as chief executive and then chairman of Volvo Cars, and later as Ford’s chief marketing officer. A “restrained, analytical, archetypal Swedish businessman,” he helped communicate with Volvo Cars employees, unions and suppliers, one of the people said.
Gyllenhammar, who ended a 23-year career at Volvo AB as executive chairman in 1993, is also chairman of the Thomson Reuters (TRI.TO) (TRI.N) Trustee Directors.
Freshfields corporate lawyer Chris Bown and intellectual property specialist Avril Martindale also advised Geely.
Ford turned to Hogan & Hartson LLP partner Bill Curtin, who advised the Detroit giant on the 2008 sale of two of its other premier car marquees, Jaguar and Land Rover, to India’s Tata Motors Ltd (TAMO.BO).
Citigroup (C.N) bankers including Leon Kalvaria, vice chairman of Citi’s institutional clients group, and Eric Levengood, managing director in the bank’s global industrials group, also advised Ford, as did a team from JPMorgan (JPM.N), the people said.
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as readers have already pointed out..yes it was rothschild behind the sale to one of the oldest chinese bloodline families..the “li” family..rich get richer..poor get the picture..
and what the hell is that new geely logo meant to be?..i see something very familiar with it but cant quite nail it down yet..
401
I didn’t know those details, but I’m not surprised. Bloody Illuminati bastards.
That logo? Looks like an eye (naturally, they go to the default), but more abstractly I see a 6 with an open loop.
yeah i cant put my finger on it right now..
yeah!Nanashi looks like @6
imho lately “they’ talk about billions like the are pennies that it feel cheap sell Volvo for only that
maybe you remember the logo of time warner
just turn it around… hehehe, bastards! it could be the udjat again
its sort of spooky whatever it is
the Rothchilds gave the Li family a gift but a gift tied to some past or future service. This kind of payment to the Li family comes with some form of indebtedness of the Li family to the Rothchilds for some future action. Or the Li family already did something for the Rothchilds and this was the payment for the service.
But it definitely has to do with the power center that China is and is ever more becoming. The Rothchilds are exchanging and discussing with real power players here. It’s like Obama meeting with the king of Spain. People with money and power are only the more rich and powerful now a days since they have the voters consenting to their actions (by the very act of voting itself for one) and such power players possess a monopoly hold, ie. gov’t, to wield tremendous control on the populace. And if the populace complains, then all they have to do through either their gov’t channels or mainstream media is point out this is what the people vote for. This is what the people consent to. So they put it back on the lap of the people and say you want this. In a way they are right. People are not being responsible and they are handing over the keys to dad’s car and letting these people drive away with everything.
you scratch my back and i scratch yours..works everytime..until you get played
thx Wilderness well say !
Reminds me of the Pakistan coat of arms a bit. Also it looks pretty menacing, like an upside down sickle or a scyth.
From Wikipedia:
The scythe also plays an important traditional role, often appearing as weapons in the hands of mythical beings such as Cronus, and the Four Horsemen of the Apocalypse, specifically, Grim Reaper (Death). This stems mainly from the Christian Biblical belief of death as a “harvester of souls.”
Creepy stuff.
http://www.worldcarfans.com/10711063168/new-geely-logo-unveiled
http://www.autoblog.com/2007/11/09/geely-unveils-new-logo-in-beijing/
The logo you see at left above was picked as the best amongst the 27,336 entries submitted. To show how seriously this was taken by the rest of the world, a record was set when more than 100 countries participated, making it the most widely entered corporate logo design contest ever. At least that’s what the release says. The winning logo was designed by Yue Xiande from Anhui province, and is clearly not a Toyota ripoff. “The Toyota logo has a whole ‘nother ring in it,” Geely spokespeople did not say. “While the Toyota is a soulless tin can, Geely has the top popped already, indicating it is much more fun,”