Waste Management, Inc. reached an agreement to sell its waste services operations in Finland to Lassila & Tikanoja plc for approximately $100 million. The company expects to complete the transaction in the first half of 2000.
The sale of Waste Management's Finnish business is part of its plan to re-focus the company on its North American solid waste operations. Waste Management is in discussions with other parties on the divestiture of its other international businesses, as well as non-core and certain non-integrated solid waste assets in North America. The Company intends to use the proceeds of these divestitures primarily to reduce debt, and over time to repurchase shares and make selective tuck-in acquisitions of solid waste businesses in North America.
Explore the February 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- AISI, Aluminum Association cite USMCA triangular trading concerns
- Nucor names new president
- DOE rare earths funding is open to recyclers
- Design for Recycling Resolution introduced
- PetStar PET recycling plant expands
- Iron Bull addresses scrap handling needs with custom hoppers
- REgroup, CP Group to build advanced MRF in Nova Scotia
- Oregon county expands options for hard-to-recycling items
