March 20, 2017 / 8:28 AM / 5 months ago

BRIEF-Hansteen to dispose of its German and Dutch portfolios for 1.28 bln euros

March 20 (Reuters) - Hansteen Holdings Plc

* 1.28 billion euro disposal of German & Dutch portfolio

* Proposed disposal of German and Dutch portfolio for Eur 1.28 billion

* Price represents a premium of approximately eur 76 million (6 per cent.) to year end valuation

* Completion is expected to occur before end of june 2017.

* Following completion, Hansteen intends to distribute a substantial portion of net cash proceeds of transaction to its shareholders Source text for Eikon: Further company coverage:

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