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
White KnightBuys GL
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 GLs shares.
