Metallgesellschaft AG
Metallgesellschaft AG is a german company. It has over 20,000 employees and a 10 billion dollars revenue. Its has over 250 subsidiaries specializing in mining, commodity trading, financial services and engineering. In 1993, the company lost over 1.4 billion dollars after speculating increase in oil price in oil futures market. A subsequent drop in oil price left the company buying the oil at a higher price than the market price.
It also became involved in a key European Court of Justice case based on the tax treatment of dividends that was heard at the same time as Hoescht.
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Categories: Germany-related stubs | Corporation stubs | German companies