Investing.com -- KKR & Co (NYSE: KKR ). Inc. is reportedly in advanced negotiations to sell Hipoges Iberia SL, its Spanish real estate management firm, to Pollen Street Group Ltd., according to Bloomberg, citing individials familiar with the matter.

The talks are ongoing and the final decision remains with KKR. They may choose not to proceed with the deal or may opt for a different investor. The sources have asked not to be named as they are discussing confidential information.

In addition to Pollen Street Group Ltd, KKR has also been in discussions with J.C. Flowers & Co., doValue SpA, and Arrow Global Group Ltd. According to a report by Bloomberg, Hipoges Iberia SL could be valued at approximately €120 million ($129.5 million). KKR holds an 84% stake in the company, while the remaining shares are owned by managers.

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