Zhenhua heavy industry major shareholder cross knife win love F&g Group loss

"This is the same root of life, fry what too urgent"!　　A paper bulletin will be the SASAC's two major enterprises behind the "scramble" on the table.　　On the afternoon of August 10, the Hong Kong stock Exchange listed China's transport construction (01800, closing price of HK $7.31) announced that its wholly-owned subsidiary Zhenhua Project completed the acquisition of Friedegoldmanunited (hereinafter referred to as F&G) 100% interest, the acquisition of $125 million. This news is not surprising, because as early as February 2 this year, the Central group (000039, close to 13.37 Yuan) announced on the outside, to 75 million U.S. dollars to acquire f&g75% stake.　　The market is expected to f&g income in the group will only be a matter of time, did not expect the hand of the "fat" was China's traffic construction took away.　　F&g is the world's leading maritime design business China Traffic Construction is a A-share listed Zhenhua heavy industry (600320, closing price of 7.05 yuan) of the controlling shareholder. Last night, Zhenhua heavy industry also issued a notice of the announcement.　　Said the acquisition f&g is China's transport construction to expand the strength of the marine heavy industry, the important strategic steps, clearly pointed out that the acquisition will strengthen China's transportation construction of the world's leading early design strength, enhance Zhenhua heavy industry in the detailed design engineering and equipment manufacturing areas of strength. It is reported that F&g is a world-renowned offshore drilling design services and equipment suppliers, mainly engaged in offshore engineering platform design and platform supporting equipment design, manufacturing business, has more than 60 years experience in marine engineering platform design.　　So far, more than 100 offshore platforms have been designed by F&g. "It has always been f&g, Goldman Sachs and the Prince of Saudi Arabia have all been f&g shareholders, but F&g's Russian shareholders, because of financial problems, planned to sell, for the Chinese companies eager to develop ocean engineering, indeed very valuable."　　"Long-term attention to the group of Shenzhen Taihe Investment investment Director Liang in the Daily economic news," The interview pointed out. "The research and development design link is the highest technology value-added link in the ocean engineering industry chain, so this acquisition is obviously a good one for Yu Zhenhua heavy industry."　　"There is a similar view to accepting other experts," he said. F&g is a group of "Old Love" as early as February 2 this year, the Central group announced that it had reached an intention with the Russian MNP group to acquire its own f&g75% stake at a price of 75 million U.S. dollars.　　Once the news was announced, the group was immediately recognized by all parties. "Once this acquisition is completed, the central group will have a complete chain of design and construction in the offshore engineering field, and the price we buy is not considered expensive, so the deal should be very cost-effective."　　"Liang points out. Another detail may be more to explain the issue, the announcement, each brokerage has given a high rating, such as Ping an securities leaf international to "the acquisition of F&g to buildGlobal sea Work King "for the issue of" strongly recommended "report; The securities Company believes that this is" to seize the highest end of the industrial chain of marine industry ", and gave a target price of 21 yuan.　　Silver and securities believe that the acquisition of F&G is conducive to reducing the design costs, and estimates that the marine engineering business for the 2010-2011 years of the company's contribution to EPS can be up to 0.06 yuan, 0.1 yuan, and so on. Originally the market is widely expected to buy Zhenhua heavy industry is only a matter of time, the result is that we are f&g by China's transport construction acquisition.　　"The big surprise" all parties described so. Traffic construction increases the stake "at the beginning of the acquisition of the group, China's traffic construction was involved in the bid." Because the group has been not too willing to increase the price, f&g in China after the traffic construction is not too sincere with the group continued to discuss, the final bid high 25 million U.S. dollars in China's traffic construction won the f&g.　　A person familiar with the matter told reporters. The group originally planned to buy 75 million dollars for 75% of its shares, f&g all shares valued at about 100 million dollars.　　But China's traffic construction has taken 25 million of billions of dollars, which may be a key factor in its takeover battle against the Central bloc. "F&g acquisition failure for the central group, is undoubtedly a major setback, the group originally intended to be in the offshore drilling platform and its ancillary equipment design, manufacturing and offshore platform drilling system manufacturing for the entire industrial chain strategic layout, but the acquisition of F&G failure is undoubtedly lost an important link."　　A brokerage researcher told reporters.　　Liang also believes that the loss of F&g may slow the group's dominance of the global sea-work market for the group's offshore planning. But he also pointed out that the group has set up its own Institute of Marine Engineering, which will attract other design personnel to build a foundation, although not successful acquisition, but the impact on the group is not very large.