LONDON/MADRID, June 11 (Reuters) - Morgan Stanley Infrastructure Partners is poised to buy Sacyr's (SCYR.MC) Valoriza Servicios Medioambientales in a deal that could value the unit at close to 600 million euros ($644.8 million) including debt, people familiar with the matter said.
Morgan Stanley Infrastructure has prevailed over other firms in an auction that Valoriza's owner, Spanish construction firm Sacyr, held for the company which started in February, the sources said on Sunday.
Valoriza Servicios Medioambientales is specialized in managing a range of services in the waste recycling chain such as collection, treatment and management of waste.
Sacyr and Morgan Stanley declined to comment.
Sacyr has been advised by Santander and Nomura, while Morgan Stanley Infrastructure Partners was advised by Deutsche Bank, the sources said.
Persons:
Morgan Stanley, Valoriza, Sacyr, Morgan, Andres Gonzalez, Corina Pons, Jan Harvey, Marguerita Choy
Organizations:
Morgan Stanley Infrastructure Partners, Morgan Stanley Infrastructure, Santander, Nomura, Deutsche Bank, Thomson
Locations:
MADRID, Spanish