Hansteen Holdings plc Completion of 1.28 Billion Euro Disposal (4012I)
19 June 2017 - 4:00PM
UK Regulatory
TIDMHSTN
RNS Number : 4012I
Hansteen Holdings plc
19 June 2017
19 June 2017
Hansteen Holdings PLC
("Hansteen", the "Company" or, the "Group")
Disposal of the German and Dutch portfolios for EUR1.28 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 EUR1.28 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 Tel: +44 (0)
Ian Watson 20 7408 7000
Morgan Jones
Peel Hunt (Financial Adviser, Sponsor Tel: +44 (0)
and Broker) 20 7418 8900
Capel Irwin
Edward Fox
Tavistock Tel: +44 (0)
Jeremy Carey 20 7920 3150
Kirsty Allan 07836 734 625
07824 393 242
This information is provided by RNS
The company news service from the London Stock Exchange
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