VEBA explained

VEBA AG
Type:Aktiengesellschaft
Fate:Amalgamation with VIAG
Successor:E.ON
Foundation:8 March 1929
Founder:State of Prussia
Defunct:27 September 2000
Location City:Düsseldorf
Location Country:Germany
Area Served:Europe
Key People:Ulrich Hartmann (CEO)
Industry:Energy, Mining, Telecommunication
Products:Power, coal
Revenue:DM 8.496 billion
Owner:over 600 000
Num Employees:130 000
Divisions:PreussenElektra, VEBA Oel, Degussa Hüls, Stinnes AG, Vebacom, O.tel.o

VEBA AG (originally from Vereinigte Elektrizitäts und Bergwerks Aktiengesellschaft 'United Electricity and Mining Corporation') was a German state owned energy company. VEBA was founded in 1929[1] as a holding company owned by the state of Prussia, and was privatized in 1965. In December 1982, VEBA signed a cooperation agreement with the Petróleos de Venezuela (PDVSA) for the establishment of a Joint Venture Ruhr Oel GmbH. VEBA became a part of E.ON in 2000.

References

  1. Web site: Vereinigte Elektrizitäts- und Bergwerks-AG ZBW Press Archives . 2023-03-20 . pm20.zbw.eu.