Veba Acquires 36.4% Stake In Degussa

25 May 1997

- Power firm Veba AG of Germany has acquired a 36.4% stake in thespecialty-chemicals group Degussa AG for 2.9 billion Deutschemarks ($1.73 billion), in keeping with Veba's globalization strategy, according to the Financial Times. Degussa's share price rose 11% to 84.80 marks on the news.

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