VEBA

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[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.

VEBA AG
TypeAktiengesellschaft
IndustryEnergy, Mining, Telecommunication
PredecessorBergwerksgesellschaft Hibernia
Gelsenkirchener Bergwerks-AG
Zeche Mathias Stinnes Edit this on Wikidata
Founded8 March 1929
FounderState of Prussia
Defunct27 September 2000
FateAmalgamation with VIAG
SuccessorE.ON
Headquarters,
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

References


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