The Executive Board and Supervisory Board of Germanischer Lloyd AG advise their shareholders to reject the acquisition offer by Bureau Veritas. It would neither meet the needs of the Society and its 3,200 employees, nor be in the best interests of the shareholders themselves. After due examination and assessment of the purchase proposal, both bodies of the Society have issued a joint statement to the shareholders, detailing their reasons for rejecting the offer. The risks of the envisaged takeover by far outweigh any possible benefits. Executive Board Member Rainer Schöndube. The Supervisory Board too advises against accepting the offer.