五问雀巢吞购徐福记

五问雀巢吞购徐福记 一问:雀巢拟购徐福记60%股权涉嫌垄断, 将面临严格的反垄断审查 如同一对热恋中的情侣，在雀巢和徐福记对外发布的新闻稿中，双方都对此次合作表达了“欣喜之情”，以及对未来发展的“美好展望”。然而，其竞争对手显然并不乐见此次合作。雀巢和徐福记的消息刚发布，网络上就有评论文章称“雀巢飞快的并购速度让我国其他食品企业担忧”。 由于两者体量巨大，此项收购必须经过商务部的审查。中投顾问发布的分析 报告 软件系统测试报告下载sgs报告如何下载关于路面塌陷情况报告535n,sgs报告怎么下载竣工报告下载 认为，若收购成功，或将成为近年来外资收购我国民族企业规模最大的案例之一，但就近年来外资并购案例看，或将受到重重阻碍。 审核或遇阻 雀巢此前一直被称为“收购狂人”。据悉，雀巢刚刚完成了对中国饮水行业十强之一的云南大山饮水公司以及国内八宝粥和蛋白饮料市场领头羊企业银鹭集团的收购。 虽然有两次成功的经验，但外界对此次收购并不看好，公告也承认，“此交易的完成还取决于中国监管部门的批准”。宋亮认为，根据我国反垄断法，雀巢收购徐福记必须经过严格审核。目前来看，外资公司在华如此大规模的收购尚无成功先例。尤其当徐福记被视为民族产业时，成功收购的难度更大。“商务部还面临一个棘手问题，在批准这些申请时，必须在保护民族品牌原则和保障市场健康的原则中作出抉择。” of government departments and dynamic supervision, where power and responsibility manifests to determine matters of administrative authority, must be moved into administrative service center to carry out "one-stop" service for enterprises, and the masses start to make ... ... Administrative approval "process optimization, shortest time and link the least, best service, people's satisfaction." Three is to solve the problem. To accelerate the land changes in hanging work, town street, used to speed up the project area places progress, ensure the quality of reclamation, ensure a smooth transition through acceptance. Should focus on illegal and inefficient idle land clearing work to occupy basic farmland, along the main traffic visual range, fringe and other key areas of focus to illegal land clearing, demolition or confiscation of buildings and facilities, according to law, we must resolutely be removed and confiscated. The work to be included in the land, Street of town housing, law enforcement and assessment content, linked to the use of assessment results suggest the County and cadres. Especially the town street must govern, manage cadres well, thorough investigation of regulation violation of illegal construction. While to caught national shantytown transformation of opportunities, using good relaxed town settled in conditions, and people to money linked, and improve shed modified currency of placed proportion, policy, according to "villagers voluntary, and village Board independent, and tablets district Guide, and township 二问:或对国内糖果市场格局产生颠覆性影响, 雀巢吞下徐福记或颠覆糖果业 “60%的股权，就意味着60%的表决权，也就意味着在公司重大事件上的决议权。徐福记的命运从此就掌握在雀巢手中了。”针对徐承将继续任职新合资公司CEO一事，中国人民大学经济学院教授李先国表示，除了股权，其他的都是假的，当他在公司发展决策上的意志与雀巢发生冲突时，雀巢完全可以将其职务罢免。17亿美元收购徐福记60%的股权，李先国并不认为这一定是笔赚钱买卖。“如果徐福记的股票市值目前已经处于一个相当的高点，在此基础上以更高的价格收购，对徐福记而言必然不错，如果徐福记的股票在未来的发展潜力巨大，这样的价格，对雀巢而言，仍然相当合算。” 有媒体评价说，若雀巢能吞下徐福记，将对中国糖果业有“颠覆性”影响，利用徐福记原有市场份额，雀巢在中国的市场占有率将升为第二位。 中国糖果第一品牌将易主, 资料显示，1998年至今，徐福记糖果的销售额已经连续13年居于市场首位，在中国市场占有率为6.6%。这家在新加坡上市的公司，在截至2010年6月30日的12个月中，实现利润6.022亿，销售额增长了14%，达到43亿元，在国内拥有四个大型生产基地，129家直营销售分公司。 据悉，一旦本次整体收购达成，将成为规模最大的外资收购中国公司交易之一。 of government departments and dynamic supervision, where power and responsibility manifests to determine matters of administrative authority, must be moved into administrative service center to carry out "one-stop" service for enterprises, and the masses start to make ... ... Administrative approval "process optimization, shortest time and link the least, best service, people's satisfaction." Three is to solve the problem. To accelerate the land changes in hanging work, town street, used to speed up the project area places progress, ensure the quality of reclamation, ensure a smooth transition through acceptance. Should focus on illegal and inefficient idle land clearing work to occupy basic farmland, along the main traffic visual range, fringe and other key areas of focus to illegal land clearing, demolition or confiscation of buildings and facilities, according to law, we must resolutely be removed and confiscated. The work to be included in the land, Street of town housing, law enforcement and assessment content, linked to the use of assessment results suggest the County and cadres. Especially the town street must govern, manage cadres well, thorough investigation of regulation violation of illegal construction. While to caught national shantytown transformation of opportunities, using good relaxed town settled in conditions, and people to money linked, and improve shed modified currency of placed proportion, policy, according to "villagers voluntary, and village Board independent, and tablets district Guide, and township 三问:雀巢吞购徐福记“醉翁之意不在酒”, 意在扩大在华糖果市场份额 据透露，从1998年至今，徐福记糖果的销售额已经连续13年居于市场首位，目前在中国市场占有率为6.6%。此外，在新加坡上市的徐福记，2010年的销售额为43亿人民币，税后净利6亿人民币，在中国拥有四个大型生产基地、129家直营销售分公司，拥有强大的销售团队及分销能力。徐福记今年第一季度实现营收15.1亿元人民币。 因此，业内分析，雀巢完成对徐福记的控股收购后，将对国内的糖果市场格 局形成“颠覆性影响”。借助徐福记在糖果市场家喻户晓的口碑、丰富的产品线以及强大的终端销售渠道优势，不但将大大提升雀巢在中国糖果市场的覆盖面和竞争力，更会对其2020年前新兴市场对公司营收贡献率由目前的33%上升到45%这一宏大目标的实现，起到推进作用。 雀巢主动“联姻”徐福记 谋求中国表现 中投顾问食品行业研究员梁铭宣指出，雀巢对于新兴市场的整体 计划 项目进度计划表范例计划下载计划下载计划下载课程教学计划下载 是其贡献率能够在2020年之前达到45%，然而当前这一比例约为33%，收购徐福记是其在新兴市场扩张的捷径之一，利用徐福记原有的市场份额提高雀巢在市场的占有率。另外，雀巢在中国业务的销售渠道主要局限于大卖场和一线重点城市，而徐福记成功搭建了深入中国二三线市场的强大销售网络，能够对雀巢在中国的业务发展起到弥补作用。 梁铭宣同时指出，雀巢与徐福记的结合将使行业集中度进一步提高，雀巢有望超过玛氏成为中国糖果和巧克力行业中的老大，国内其他糖果企业面临严峻的市场竞争形势，行业内竞争将日趋激烈。 of government departments and dynamic supervision, where power and responsibility manifests to determine matters of administrative authority, must be moved into administrative service center to carry out "one-stop" service for enterprises, and the masses start to make ... ... Administrative approval "process optimization, shortest time and link the least, best service, people's satisfaction." Three is to solve the problem. To accelerate the land changes in hanging work, town street, used to speed up the project area places progress, ensure the quality of reclamation, ensure a smooth transition through acceptance. Should focus on illegal and inefficient idle land clearing work to occupy basic farmland, along the main traffic visual range, fringe and other key areas of focus to illegal land clearing, demolition or confiscation of buildings and facilities, according to law, we must resolutely be removed and confiscated. The work to be included in the land, Street of town housing, law enforcement and assessment content, linked to the use of assessment results suggest the County and cadres. Especially the town street must govern, manage cadres well, thorough investigation of regulation violation of illegal construction. While to caught national shantytown transformation of opportunities, using good relaxed town settled in conditions, and people to money linked, and improve shed modified currency of placed proportion, policy, according to "villagers voluntary, and village Board independent, and tablets district Guide, and township 四问:雀巢收购徐福记能否如愿, 雀巢并购要过三道坎 首先，雀巢要“尝”徐福记必须先得到商务部开绿灯。美国盛智律师事务所上海办公室高级法律顾问张小艺昨日告诉记者，“由于此次收购涉及了食品领域，所以不排除食品监管部门参与此次收购的审查。”张小艺说，因为这起并购关系到时下最重要的食品安全问题。昨日，记者翻查外商产业投资目录(2007版)，发现“糖料”是国家鼓励外资投资的领域，但是“糖果业”是否包括在内仍需要厘清。 第二，徐福记坐拥糖果和饼干的两大“中国名牌”称号，这是否会增加雀巢并购的难度,张小艺分析，这些头衔可能就是公众认定徐福记是“民族品牌”的原因，但从法律角度看，这只表明其产品的市场影响力和接受度较高。 最后，雀巢需要获得不少于75%徐福记股东的赞成票，并在2012年3月前得到徐福记注册地开曼群岛法院批准后方能最终“迎娶”徐福记。 目前来看还是个未知数 徐福记决意要“嫁”给雀巢了。11日，徐福记集团在其官网发布声明，称公司已与雀巢集团签署合作协议，“根据拟定的协议，雀巢有意取得徐福记60%的股份，而徐氏家族将持有40%。徐福记现任首席执行官兼董事长徐乘先生将继续带领新的合资公司。”据悉，雀巢取得徐福记60%股权的总价格为21亿新元(17亿美元)，该交易目前尚未得到中国监管部门的审批。 不过，徐福记最终能否如愿“嫁”给雀巢，目前来看还是个未知数，因为该交易最终还需要得到中国商务部、该合资企业注册地凯曼群岛的法庭以及股东们of government departments and dynamic supervision, where power and responsibility manifests to determine matters of administrative authority, must be moved into administrative service center to carry out "one-stop" service for enterprises, and the masses start to make ... ... Administrative approval "process optimization, shortest time and link the least, best service, people's satisfaction." Three is to solve the problem. To accelerate the land changes in hanging work, town street, used to speed up the project area places progress, ensure the quality of reclamation, ensure a smooth transition through acceptance. Should focus on illegal and inefficient idle land clearing work to occupy basic farmland, along the main traffic visual range, fringe and other key areas of focus to illegal land clearing, demolition or confiscation of buildings and facilities, according to law, we must resolutely be removed and confiscated. The work to be included in the land, Street of town housing, law enforcement and assessment content, linked to the use of assessment results suggest the County and cadres. Especially the town street must govern, manage cadres well, thorough investigation of regulation violation of illegal construction. While to caught national shantytown transformation of opportunities, using good relaxed town settled in conditions, and people to money linked, and improve shed modified currency of placed proportion, policy, according to "villagers voluntary, and village Board independent, and tablets district Guide, and township 的同意。如果商务部不批准，将无法组建合资企业，即使股东同意退市，最终仍需要商务部的批准。 五问:雀巢想让中国食品都姓“外”, 外资掌握中国人的胃, 徐福记、太太乐、银鹭、小肥羊、味事达„„多家中国本土发展起来的食品和餐饮企业，陆续被雀巢、百胜、亨氏集团等跨国公司成功控股或并购。随着食品安全不断备受重视，外资企业也在加快并购的脚步，昨日有网友就在微博上质疑:“中国人的胃，正在被外资掌控,” 网友“YYBlair”说:“我从小吃到大的糖果"变"成外国货了,”椰岛集团董事长助理肖竹青也表示，中国本土食品企业成长将遭遇资本门槛，呼吁本土食品饮料上市公司加大并购重组优秀消费品企业的力。 雀巢中国收购史 1998年 雀巢收购国内鸡精行业第一品牌上海太太乐80%股权 1999年 雀巢收购广东最大冰淇淋品牌广州五羊97%股权 2001年 雀巢收购国内第二大鸡精生产商四川豪吉60%股权 2010年 雀巢收购云南矿泉水第一品牌云南大山70%股权，传言收购价为7000万 2011年4月 雀巢收购国内最大八宝粥和花生牛奶生产商银鹭60%股权 of government departments and dynamic supervision, where power and responsibility manifests to determine matters of administrative authority, must be moved into administrative service center to carry out "one-stop" service for enterprises, and the masses start to make ... ... Administrative approval "process optimization, shortest time and link the least, best service, people's satisfaction." Three is to solve the problem. To accelerate the land changes in hanging work, town street, used to speed up the project area places progress, ensure the quality of reclamation, ensure a smooth transition through acceptance. Should focus on illegal and inefficient idle land clearing work to occupy basic farmland, along the main traffic visual range, fringe and other key areas of focus to illegal land clearing, demolition or confiscation of buildings and facilities, according to law, we must resolutely be removed and confiscated. The work to be included in the land, Street of town housing, law enforcement and assessment content, linked to the use of assessment results suggest the County and cadres. Especially the town street must govern, manage cadres well, thorough investigation of regulation violation of illegal construction. While to caught national shantytown transformation of opportunities, using good relaxed town settled in conditions, and people to money linked, and improve shed modified currency of placed proportion, policy, according to "villagers voluntary, and village Board independent, and tablets district Guide, and township 2011年7月 雀巢收购连续13年国内糖果市场排名第一的新加坡上市公司 徐福记60%股权，耗资21亿新币 of government departments and dynamic supervision, where power and responsibility manifests to determine matters of administrative authority, must be moved into administrative service center to carry out "one-stop" service for enterprises, and the masses start to make ... ... Administrative approval "process optimization, shortest time and link the least, best service, people's satisfaction." Three is to solve the problem. To accelerate the land changes in hanging work, town street, used to speed up the project area places progress, ensure the quality of reclamation, ensure a smooth transition through acceptance. Should focus on illegal and inefficient idle land clearing work to occupy basic farmland, along the main traffic visual range, fringe and other key areas of focus to illegal land clearing, demolition or confiscation of buildings and facilities, according to law, we must resolutely be removed and confiscated. The work to be included in the land, Street of town housing, law enforcement and assessment content, linked to the use of assessment results suggest the County and cadres. Especially the town street must govern, manage cadres well, thorough investigation of regulation violation of illegal construction. While to caught national shantytown transformation of opportunities, using good relaxed town settled in conditions, and people to money linked, and improve shed modified currency of placed proportion, policy, according to "villagers voluntary, and village Board independent, and tablets district Guide, and township