Veba And Viag

German groups, Veba AG and Viag AG, have agreed to an even board of directors split when they merge, according to a recent press report. The heads of the two companies have agreed to divide the number of board seats equally, despite Veba's larger size, because Viag has better access to energy end-users, the report said. The stakes in the merged entity each company will hold still remain open, but there are "good chances that the 76-33 split can still be improved in Viag's favour," the report said.