EU starts probe of planned merger between Veba, Viag

Article Abstract:

Veba AG's and Viag AG's proposed merger is being investigated by the European Commission (EC). The EC overrode requests by antitrust officials in Germany to conduct their own probe.

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Germany's Veba and Viag say merger could be near

Article Abstract:

Utilities Veba AG and Viag AG have agreed on a basic framework to merge their companies and create the largest energy group in Germany. The merged company would have a market capitalization of Euro31.6 billion, and combined annual sales of E92 billion, based on figures for 1998.

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Veba, Viag expected to approve merger valued at 13.9 billion euros

Article Abstract:

Both Veba AG's and Viag AG's boards are expected to give their approval to their companies' planned merger. The merger is valued at 13.9 billion euros.

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