Wikipedia

VEBA

Also found in: Financial, Acronyms.
For other uses, see VEBA (disambiguation).
VEBA AG
TypeAktiengesellschaft
IndustryEnergy, Mining, Telecommunication
FateAmalgamation with VIAG
SuccessorE.ON
Founded8 March 1929
FounderState of Prussia
Defunct27 September 2000
Headquarters
Düsseldorf
,
Germany
Area served
Europe
Key people
Ulrich Hartmann (CEO)
ProductsPower, coal
RevenueDM 8.496 billion
Ownerover 600 000
Number of employees
130 000
DivisionsPreussenElektra, VEBA Oel, Degussa Hüls, Stinnes AG, Vebacom, O.tel.o

VEBA AG (originally from Vereinigte Elektrizitäts und Bergwerks Aktiengesellschaft or "United Electricity and Mining Corporation") was a German state owned energy company. VEBA was founded in 1929 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.

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