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Investing.com -- Bank of America Corp. has agreed to purchase a Spanish real estate loan portfolio valued at approximately €100 million ($118 million) from Banco Santander SA, according to Bloomberg, citing people familiar with the matter.
The U.S. lender finalized the agreement with advisory support from Colliers International Group Inc., said the people, who requested anonymity as they were discussing private information. Santander received advisory services from EY for the transaction.
This acquisition aligns with Santander’s stated goal of divesting between €40 billion and €45 billion of risk-weighted assets in 2025 through a combination of asset sales and significant risk transfers.
The deal marks the second transaction between the two banking giants this year. Earlier in 2025, Bank of America reached an agreement with Santander to acquire a portfolio connected to hotel loans, as previously reported by Bloomberg News.
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