A subsidiary of the Swedish recycling group Stena Metall has become the main shareholder of the Italian e-scrap management specialist S.i.a.t. (Societa Italiana Ambiente e Territorio) based near Brescia. "It is a strategic decision to strengthen our presence in Southern Europe. It also means that the collaboration with the European Recycling Platform is deepened", commented Phär Oscár, managing director of Stena Metall's WEEE (waste electrical and electronic equipment) division Stena Technoworld. The company did not disclose financial details of the transaction, which also involves three Italian local authority-owned utility and environmental services companies.
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