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:
Burglary Gang Breaks Into Midlands Shopping Centre
Laois TD Wants New Fire Station Fastracked
Midlands Housing Commencements Continue To Rise
Almost 39,000 Midlands Workers Auto-Enrolled In New Government Pension Scheme
RTB Figures Show Annual Increase Of Over 10% For New Tenancy Rates In Offaly
12 One Act Plays To Be Staged By Laois Arts Collective
No Indication Of Meningitis Outbreak In Ireland - HSE
Laois Library To Host 'Skills For Life' Event
Offaly Band To Headline Open-Air Concert
Reopening of HSE Civil Registration Office For Offaly Confirmed
Dangerous Convicted Rapist And Murderer Abused Cousin In Longford Decades Ago, Judge Says
Hottest Day Of The Year So Far
Midlands MEP Questions Commissioner On Hormone-Contaminated Brazilian Beef
IRHA Warn of Hauliers Blockade If Fuel Price Support Pleas Ignored
Louis Theroux 'Manosphere' Documentary Exposes Dark Behaviour -Esker House
Planning Sought For Midlands Agri-Tourism Project
Niall Horan Announces New Album
Gardaí Charge Two Men OVer Cross-Border Terrorism Investigation
Pedestrian Hopitalised Following St. Patrick's Day Crash
ADHD Services In Midlands Not Fit for Purpose - Laois Senator