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'White Knight'Buys GL
01 Jan 2007
hamburg based classification society Germanischer Lloyd has been rescued from the hostile takeover advances of French rival Bureau Veritas by local tycoon Gunter Herz, who has now acquired over 95% of GL's shares.
Billionaire Herz, who recently sold the Tchibo coffee and retail group and is the majority shareholder in Puma sports wear, is noted for his 'Hanseatic' business style of long term investment.
MJ Information No: 22629
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