GERMAN REFINERY TO UNDERGO LARGE REVAMP

The new owners of what was the former East Germany's most modern refinery plan a major revamp and restructuring. On the occasion of the official takeover this month, Hubert Heneka, board chairman of Veba Oel AG, one of the new owners, said the new shareholders plan a major infusion of money into the plant and a drastic cut in the work force.

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