GL: New shareholder Structure to Safeguard Independence

Friday, December 15, 2006
At a shareholders' meeting, Germanischer Lloyd's Executive Board announced the successful defense against the hostile takeover bid by a French competitor. The binding purchase offer by the Hamburg entrepreneur Günter Herz, with secure long-term perspectives for the Society, met with the approval of shareholders who were willing to sell. More than 40% of the shares changed hands. The Executive Board of Germanischer Lloyd has already approved the transfer of these registered shares. Last week, Günter Herz made all shareholders a firm and unconditional offer, with the aim of safeguarding the independence of the Society and the Hamburg location.

With this Hamburg Solution, Germanischer Lloyd will be able to continue its business model. For Executive Board Member Dr. Hermann J. Klein, this rapid response will yield only benefits for the customers, employees and shareholders alike. The Executive Board and Supervisory Board convened a second meeting for shareholders to provide further details about the future business development of the Society.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Today in U.S. Naval History: September 16

Today in U.S. Naval History - September 16 1854 - Cdr. David G. Farragut takes possession of Mare Island, the first U.S. Navy Yard on the Pacific. 1917 -

Austal Delivers Fourth JHSV to the US Navy

The U.S. Navy accepted delivery of USNS Fall River (JHSV 4) from Austal USA yesterday, a week shy of six months from the date they took delivery of JHSV 3. This

Washington Navy Yard Remembers Shooting One Year Later

It was a day no one who worked on the Washington Navy Yard will ever forget. Shortly after 8 a.m., on Sept. 16, 2013, Navy contractor Aaron Alexis entered the Naval

 
 
Maritime Careers / Shipboard Positions Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1056 sec (9 req/sec)