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EWAVERLEY SALES ENVIRONMENTAL SERVICES TO JOINT VENTURE CO.

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A precedent has been set by Waverley BC with the sale of its environmental services operation, Contract Services Gr...
A precedent has been set by Waverley BC with the sale of its environmental services operation, Contract Services Group, to a joint venture company in which former council staff have a significant stake.

CSG joined forced with MRS Environmental Services Ltd, to form Arkeco Ltd this month, with management by former CSG staff.

Geoff Nuttal, Waverley's Chief Executive, commented: 'Other Borough Councils have sold their environmental services operations, but I believe this is the first case where the management have a stake in a new joint venture company.'
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