Examples of using Veba in English and their translations into German
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Colloquial
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Official
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Ecclesiastic
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Medicine
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Financial
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Ecclesiastic
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Political
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Computer
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Programming
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Official/political
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Political
VEBA became a part of E. ON in 2000.
For these latter purchases, Veba had to pay higher prices.
ON will be able to exercise a put option as ofApril 2002 to sell the remaining 49% of Veba Oel.
Veba is the second biggest supplier of hard coal products and brown coal briquettes in the wholesale coal trade in Germany.
ON has the option to sell the remaining shares to BP transferring sole control over Veba Oel at a later stage.
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The creation of the Veba Oel joint venture was cleared with conditions by the Commission in December 2001(see IP/01/1893) and by the German Cartel Office.
Second, Kraftwerk Schkopau Betriebsgesellschaft mbH whichis responsible for the operation of the power plant and which will be solely controlled by VEBA Kraftwerke Ruhr AG.
At the same time, the sale of Veba Oel will be one of the biggest projects that E. ON will implement in the framework of its consistent divestment strategy.
Mastiaux is currently responsible for the global liquefied petroleum gas business(LPG) at BP in London and has already held numerous management positions at BP,Aral and Veba Oel.
Less than a year after the successful tie-up of VEBA and VIAG in June 2000, E. ON is again poised for a quantum leap in the Group's development.
Veba and Cabot's joint venture formed astructural link weakening Cabot's position as an independent competitor.
Imports from Scandinavia will be appreciably simplified, because VEBA will free a portion of the capacity reserved for it in the Denmark interconnector for use by competitors.
In France, Spain and the Netherlands, where the increment is more appreciable, Arrow will be confronted with competition from several competitors with significant market shares,including important players such as Avnet and Veba.
Overlaps between the business activities of VEBA and Degussa exist only in the area of chemical products, namely for a variety of specialty chemicals.
The ban on discrimination in the ECSC Treaty and the conditions which the Commission previously imposed on Ruhrkohle regarding its terms of business also ensure that,in its access to Ruhrkohle as a supplier, Veba will enjoy no special advantages whatsoever compared with other direct-buying coal wholesalers.
After the merger with Veba he was in charge of Corporate Strategy at E. ON for three years before he was appointed commercial director of Thüga in 2003.
The second and main competitor was Cabot, which, together with a Veba subsidiary, owned Cabot/Hiils GmbH for the production of fumed silica.
Through the purchase of the Veba electronic components business, Avnet will strengthen its position in France, Spain, Sweden, Germany, the UK, Austria, Italy, the Netherlands, Belgium and Norway.
They give us the unique opportunity to combine, as part of the focus on our energy business, the divestment of Veba Oel with unprecedented growth in the attractive gas sector, one of our core businesses.
Since competitors such as RWE and VEBA have significantly stronger positions on the German electricity markets the transaction did not raise competition concerns.
According to the operation notified to the Commission under the European Union's Merger Regulation, BP is acquiring a 51-percent shareholding in Veba Oel AG, currently a 100-pct subsidiary of E. ON active in the oil and petrochemicals business, both upstream and downstream Veba and Aral brands.
In its original form the merger of VEBA and VIAG would have resulted in a dominant duopoly between VEBA/VIAG on one side and RWE/VEW on the other on the market in the supply of electricity from the interconnected grid.
According to the findings of the Commission the joint venture of VEBA and Cabot would create a structural link that would severely weaken Cabot's position as an independent competitor.
Judging by the development of stocks held by Veba's refineries in Germany,which rose between October 1973 and March 1974, Veba does not appear to have experienced any difficulties with its supplies, which viere assured, on tne one hand, by its contracts with Mobil and BP and, on the other hand, by its own sources and its purchases elsewhere.
We achieved the goal that we set ourselves when we merged Veba and Viag nearly three years ago", stated Ulrich Hartmann, the CEO of E. ON AG, at the company's financial press conference in Düsseldorf today.
On 14 May the Commission authorized a subsidiary of Veba AG, Stinnes Intercarbon, to acquire Hanniel Coal& c Mining GmbH, a subsidiary of Franz Hanniel& Cie, Duisburg. It decided that the proposed acquisition satisfied the tests of Article 66(2) of the ECSC Treaty. The NCB is responsible for all coal supplies in the United Kingdom, while the CEGB produces virtually all the electricity used in the country.
This case involvedBP plc acquiring control of the whole of Veba Oel, a joint venture between BP and E. ON which had been approved by the Commission in December 2001160 and by the German Federal Cartel Office.
Founded in 1989 as a spin-off from the refinery based Veba Oel Entwicklungsgesellschaft, the company has established itself as a full service provider that is valued for its service orientation, technical know-how and its close relations to plant operations.
In order to overcome the Commission's objections, Veba undertook to transfer its holding in Cabot/Hiils GmbH to an independent buyer unconnected with the Veba or Degussa groups and withoutthe companies being linked by holdings or officers.
The Commission examined whether the acquisition by BP of full control of Veba Oel would give rise to competition problems, but considered that it would not alter the competitive situation in the market since the put option was already contained in the 2001 agreement, that BP already had joint control and that the JV was no longer acting as an independent competitor of BP.