Completion of Sale of Non-core Asset
Completed sale of Holybourne non-core asset in Hampshire for £6.3 million.
- Sale consideration £6.3 million
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Star Energy Group plc (AIM: STAR) is pleased to announce the successful completion of the sale of its non-core asset, the Holybourne site in Alton, Hampshire, for a consideration of £6.3 million. The site, previously the location of Star's decommissioned Holybourne Oil Terminal, has now been transferred to the new owners following the satisfaction of all sale conditions.
This transaction is a key part of Star's strategy to streamline operations and focus on its core assets. The funds received will be used for the general purposes of the group including deleveraging the business and supporting ongoing projects.
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