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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.

Puma millionaire pounces on GL

HAMBURG 07 December – German multi-millionaire businessman Günter Herz has made a takeover offer for Germanischer Lloyd that has been described by the classification society as “friendly”. Herz is a major shareholder in giant German sportsware firm Puma and part of the family that owns Tchibo, one of Europe’s largest coffee companies. Herz is offering “significantly above” the euro500M offered by French class society Bureau Veritas, says Rainer Kutzner, head of Herz’s investment company. Herz, who lives in Hamburg where GL is based, regarded the bid by Bureau Veritas as unwelcome and he wanted GL to remain independent, Kutzer said. “The Germanischer Lloyd executive board welcomes the initiative from Mr Herz and is currently examining the details of the offer,” GL said in a statement. The offer will be put before a meeting of GL shareholders scheduled for Friday, although the meeting was unlikely to take a decision on the bid.

 

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