19 Jun 2017 07:00
19 June 2017
Hansteen Holdings PLC
("Hansteen", the "Company" or, the "Group")
Disposal of the German and Dutch portfolios for €1.28 billion completed
Further to the announcement made by the Company on 20 March 2017 of the proposed 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 €1.28 billion, Hansteen announces that the transaction has now been completed resulting in net cash proceeds to the Group of approximately Euro 750 million.
As previously announced, Hansteen intends to distribute, to its shareholders, a substantial portion of the net cash proceeds details of which will be announced as soon as reasonably practicable.
Enquiries:
Hansteen Holdings PLC Ian Watson Morgan Jones
| Tel: +44 (0) 20 7408 7000 |
Peel Hunt (Financial Adviser, Sponsor and Broker) Capel Irwin Edward Fox
| Tel: +44 (0) 20 7418 8900 |
Tavistock Jeremy Carey Kirsty Allan | Tel: +44 (0) 20 7920 3150 07836 734 625 07824 393 242 |