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WASTE MANAGEMENT INTERNATIONAL PLC ANNOUNCES AGREEMENT IN SWEDEN

 WASTE MANAGEMENT INTERNATIONAL PLC ANNOUNCES AGREEMENT IN SWEDEN
 OAK BROOK, Ill., June 5 /PRNewswire/ -- Waste Management International plc today announced that a preliminary agreement has been made regarding the acquisition by its WMI Sellbergs AB subsidiary of the main part of the Swedish Government's shares in Svensk Avfallskonvertering AB (SAKAB), Sweden's largest hazardous waste company. The agreement will give WMI Sellbergs the ownership of 90.1 percent of the shares in SAKAB. In 1991 SAKAB had revenues of SEK148.5 million (approximately US$25.8 million at current exchange rates). The agreement is conditioned, upon among other things, satisfactory completion of due diligence by WMI Sellbergs and final approval by the Swedish government.
 Waste Management International is a leading provider of a range of solid and hazardous waste management services, including collection, transportation, storage, treatment, recycling, incineration and disposal, as well as operating a waste-to-energy facility and offering related services.
 The company currently operates in eight European countries: Italy, France, Germany, the United Kingdom, Holland, Spain, Sweden and Denmark, as well as in Argentina, two countries in the Pacific Rim, Australia and New Zealand, and also two Middle-Eastern countries, Kuwait and Saudi Arabia.
 Waste Management International plc is a majority-owned subsidiary of Waste Management, Inc. (NYSE: WMX).
 -0- 6/5/92
 /CONTACT: Joe Holsten of Waste Management, London, 011-44-71-493-2554 or, Bill Plunkett of Waste Management, 708-572-8898/
 (WMX) CO: Waste Management International plc ST: Illinois IN: SU: TNM


LR -- NY048 -- 7508 06/05/92 14:21 EDT
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Publication:PR Newswire
Date:Jun 5, 1992
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