(Bloomberg) -- Morgan Stanley is close to an agreement to buy around €900 million ($940 million) in Spanish mortgages from Banco Santander SA, according to people with knowledge of the matter.
Both lenders are currently finalizing terms of the agreement, with Alantra Partners SA acting as adviser to Santander, said the people, asking not to be named because the negotiations are private. Details could still change and the deal could yet fall apart.
Representatives for the two banks and Alantra declined to comment.
Separately, Morgan Stanley and AB CarVal Investors are in talks with CaixaBank SA to buy a mortgage portfolio worth around €500 million, Bloomberg reported last month.
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