U.S.-based investment companies Blackstone and Centerbridge are considering a 3 billion euro ($3.5 billion) offer for Spanish lender Banco Santander’s headquarters (HQ) in Madrid.
A deal would extend Blackstone’s presence in Spain, which is enjoying an economic rebound.
Blackstone is in talks with Centerbridge about a joint offer and the bid might be submitted next week.
In August last year, Centerbridge bought control of property worth $11 billion from Santander.