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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: