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Hansteen completes sale of German and Dutch portfolios

19 June 2017 08:12

Hansteen has completed the sale of its German and Dutch portfolios to entities owned by funds advised by affiliates of The Blackstone Group L.P. and M7 Real Estate for €1.28bn as announced on 20 March.

Hansteen said the transaction had now been completed resulting in net cash proceeds to the group of approximately €750m. Hansteen said it intended to distribute, to its shareholders, a substantial portion of the net cash proceeds details of which would be announced as soon as reasonably practicable.

At 8:12am: (LON:HSTN) Hansteen Holdings PLC share price was +0.95p at 126.45p

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