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Blackstone to buy Hansteen for €590m
Transactions - DECEMBER 18, 2019

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Blackstone to buy Hansteen for €590m

by Andrea Zander

Hansteen Holdings has agreed to a £500 million (€588 million/$653 million) takeover from Blackstone Group.

Approximately 75 percent of shareholders need to approve the deal, Hansteen said, with a meeting expected to be called for early February. The deal is expected to be completed during the first quarter.

If the deal is approved by shareholders, Blackstone will add Hansteen’s £451 million  (€530 million/$589 million) platform to its recently launched European last-mile logistics company, Mileway.

In a joint statement, joint CEOs of Hansteen, Ian Watson and Morgan Jones, said, “Over the last few years, we have been crystalizing much of the value created, returning substantial capital and making high returns for shareholders.

“The offer from Blackstone is a continuation and conclusion of that strategy, and we be

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