<B>Waste Management Completes Sale of Hong Kong, Brazil Subsidiary</B>

Waste Management Inc. announced that its wholly owned subsidiaries have completed the sale of its waste services operations in Hong Kong and Brazil to waste services subsidiaries of Vivendi Environnement S.A. for $136 million.

The sales include all of the company's hazardous and solid waste operations in both Hong Kong and Brazil and stem from Waste Management's strategy to re-focus the company on its North American waste operations.

December 2000
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