Jan 7 (Reuters) - GFL Environmental Inc ( GFL ):

* . ANNOUNCES AGREEMENT TO SELL ENVIRONMENTAL SERVICES

BUSINESS

VALUED AT $8.0 BILLION

* TO RETAIN $1.7 BILLION EQUITY INTEREST IN ENVIRONMENTAL

SERVICES

BUSINESS

* PROCEEDS TO BE USED TO REPAY UP TO $3.75 BILLION OF DEBT

AND FOR

OPPORTUNISTIC SHARE REPURCHASES OF UP TO $2.25 BILLION

* TO RETAIN 44% EQUITY INTEREST IN ENVIRONMENTAL SERVICES

BUSINESS

* EXPECTS TO REALIZE CASH PROCEEDS FROM TRANSACTION OF

APPROXIMATELY $6.2 BILLION NET OF RETAINED EQUITY AND TAXES

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