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On Wednesday October 12, 2011, 10:54 pm EDT
HOUSTON (AP) — Waste Management Inc. said Wednesday that it has taken an equity position in InEnTec Inc., a waste treatment company that it previously teamed up with to form a joint venture.
The size of the equity stake was not disclosed.
Waste Management said it exchanged its equity interest in the joint venture, S4 Energy Solutions LLC, for the equity position in InEnTec.
Waste Management and InEnTec formed S4 Energy Solutions in 2009 to design, build and operate a waste gasification plant using InEnTec technology.
Waste Management shares added 12 cents to $ 33.21 in aftermarket trading. The stock slipped 3 cents to $ 33.09 during the regular session.
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