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. Last Updated: 07/27/2016

Utilities May Merge

FRANKFURT, Germany -- German utilities Veba AG and Viag AG have finalized details of a possible merger and envisage Veba as the majority partner, a magazine reported.

The exchange ratio would see a split of interests in the newly formed company ranging from 70/30 to 65/35, with Veba as the larger partner, Germany's Manager magazine said in its Friday edition.

Veba renewed its denial of merger talks with Viag.