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ruben.maritime

The first web2.0 spanish blog about Maritime Affairs. El primer blog web2.0 español sobre el sector marítimo.

GL wins support from Hamburg, LR

HAMBURG 05 December – Hamburg state government has thrown its weight behind the struggle for Germanischer Lloyd's independence. Speaking at the national maritime conference in Hamburg yesterday, the Hansestadt's finance minister Gunnar Uldall confirmed that the senate was in talks with GL's management board regarding a defence strategy against a hostile takeover by Bureau Veritas. As Uldall gave his speech, another class player was making its presence felt: London-based Lloyd's Register told German ship owners it was considering the acquisition of a minority stake in GL. In a joint letter from LR executive chairman David Moorhouse and marine business director Ulrich Förster that made no mention of Bureau Veritas, LR underlined its commitment to the German market, supported GL's leadership in the container ship sector and suggested that its support and assistance could be called upon. "We believe that this stance is appreciated by Germanischer Lloyd," the letter concluded. LR was linked with a possible bid for GL in December 2000 when Moorhouse "let slip" that talks had been underway for seven months with "a society we have seen and targeted". However, no announcement was forthcoming.

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This entry was posted on jueves, diciembre 07, 2006 at 9:13 a. m.. You can skip to the end and leave a response.

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