The sale will be subject to regulatory approval.
Bord Na Mona says they're selling their recycling operation to protect growth, profitability and employment.
The sale of the waste management branch to Kerry-based KWD Recycling will go ahead provided the deal gets regulatory approval.
B-N-M says all employees will continue to work for the recycling business with no change to their contractual terms and conditions of employment on handover.
The Department meanwhile is underlining that any proposal to sell part of the Bord Na Mona's business is subject to regulatory approval including Ministerial consent.
Fine Gael TD for Offaly John Clendennen says a discussion between key stakeholders must take place:
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