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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

US Keen in Maritime Cooperation with India

The US is keen in exploring great opportunities for co-operation on maritime issues with India, Admiral Jonathan Greenert, Chief of Naval Operations told members

U.N. Calls for Maritime Support to Libya

According to United Nations, Libyan authorities need an international maritime force to help as they are unable to halt the illicit trade in oil or the flow of weapons in and out of the country,

Ghana and US Maritime Forces Collaborate

The Ghana Armed Forces and the United States Maritime Forces have completed a joint maritime operation, the Africa Maritime Law Enforcement Partnership (AMLEP),

 
 
Maritime Security Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
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: 0.3091 sec (3 req/sec)