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Star Energy Sells Non-Core Land for £6.3 Million

Star Energy Sells Non-Core Land for £6.3 Million

IGas Energy (GB:STAR) has released an update.

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Star Energy Group has announced the sale of its non-core land asset in Alton, Hampshire, for £6.3 million to Pickerings Hire Limited. The land, previously home to the decommissioned Holybourne Oil Terminal, will be sold upon meeting certain planning conditions and environmental requirements, with proceeds aiding the company’s general operations. This strategic move reflects Star Energy’s focus on optimizing its asset portfolio and financial resources.

For further insights into GB:STAR stock, check out TipRanks’ Stock Analysis page.

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