Herz trumps Bureau Veritas
Fri 15 Dec, 2006
| Posted in: People
This story is available in full to Ferrynews subscribers only. Become a subscriber to see more.
German entrepreneur Günter Herz has emerged as the winner in the takeover race for Germanischer Lloyd. Shareholders representing over 40% of GL’s share capital officially agreed to sell their stakes to Herz at a meeting in Hamburg today. Others were still deciding to sign sale contracts as the shareholder meeting came to a close, attendants reported. Acceptance might rise to around 60% eventually, some believe.
This story is available in full to Ferrynews subscribers only. Become a subscriber to see more.