Germanischer Lloyd Stronger Than Ever

Shanghai / Hamburg, 21 December 2006 – Germanischer Lloyd continues to provide first class classification service in Greater China and all over the world. The hostile takeover bid by the French company Bureau Veritas was rejected. The independence of Germanischer Lloyd has been safeguarded by a local business tycoon. The Hamburg based business man Guenter Herz has bought more than 95 percent of the shares and stopped a hostile takeover by the French competitor. His long term financial involvement strengthens GL’s business case and secures sustained growth in China.