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Article: WASTE MANAGEMENT INTERNATIONAL PLC ACQUIRES SOLID WASTE BUSINESS FROM NFC PLC AND PURCHASES ADDITIONAL SHAREHOLDING IN WESSEX WATER PLC
- Article from:
- PR Newswire
- Article date:
- January 26, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON, Jan. 26 /PRNewswire/ -- Waste Management International plc (NYSE: WME), through its Wessex Waste Management Ltd. (Wessex Waste) joint venture with Wessex Water plc, announces it has today acquired Waste Management Ltd. (NYSE: WMX), the solid waste management business of NFC plc, and related businesses and assets.
Under the terms of the sale, Wessex Waste has paid 75.6 million pounds sterling in cash, has procured the repayment of inter-group indebtedness of 11.6 million pounds, and has assumed 10.8 million pounds of Waste Management Ltd's third party indebtedness. Wessex Waste has also agreed to make a further payment to NFC plc of 15 million pounds over the next ...
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