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Solo Oil said it had completed the planned disposal of its 20% in Burj Petroleum Africa.
No other shareholders in Burj had exercised their pre-emption rights in relation to the proposed sale.
Solo had divested its interest in the non-core asset for a nominal fee of £1, and in doing so had also relinquished any future costs associated with Burj.
At 9:16am: (LON:SOLO) Solo Oil PLC share price was +0.01p at 2.38p