Morgan Stanley (MS, Financial) is reportedly close to finalizing an agreement to purchase up to €900 million ($9.4 billion) in Spanish mortgage assets from Banco Santander (SAN). The deal's specifics are being finalized, with Alantra Partners SA advising Santander. While negotiations are private, details might change, and the transaction could still fall through. Representatives from both banks and Alantra Partners SA have declined to comment.
Last month, reports indicated that Morgan Stanley and AB CarVal Investors were in talks with CaixaBank SA to acquire a €500 million mortgage asset portfolio. These developments highlight Morgan Stanley's strong interest in acquiring valuable mortgage assets.
