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.