02:54 PM EDT, 09/12/2024 (MT Newswires) -- Goldman Sachs Group ( GS ) is poised to acquire a portfolio of about 450 million euros ($497 million) in loans from Spanish lender Bankinter, Bloomberg reported Thursday, citing people with knowledge of the matter.

The US bank is on the cusp of clinching a win in the competitive process that has spanned several months and is anticipated to finalize the deal in the coming weeks, according to the news outlet.

A deal is being discussed with Bankinter, which can still decide not to pursue it or choose another buyer, the report added.

Representatives of Goldman declined Bloomberg's request for comment, while a Bankinter spokesperson said the process is "open for everyone and there is nothing decided" yet, according to the report.

Goldman and Bankinter did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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