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VEBA

From Quire, the open reference·German multi-industry company·1 min read
VEBA AG
VEBA AG
TypeAktiengesellschaft
IndustryEnergy, Mining, Telecommunication
PredecessorBergwerksgesellschaft Hibernia
Gelsenkirchener Bergwerks-AG
Zeche Mathias Stinnes 
Founded8 March 1929
FounderState of Prussia
Defunct27 September 2000
FateAmalgamation with VIAG
SuccessorE.ON
HeadquartersDüsseldorf ,
Germany
Area servedEurope
Key peopleUlrich Hartmann (CEO)
ProductsPower, coal
RevenueDM 8.496 billion
Ownerover 600 000
Number of employees130 000
DivisionsPreussenElektra, 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.

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