Morgan Stanley is to sell Queens Moat Houses, the £700m (€1bn) UK hotels group, and Hansen Transmissions, the Belgian wind equipment maker. The two bring the total value of recent mandates for the bank to more than €8bn ($10bn).

Morgan Stanley already has mandates to sell the UK's National Gas distribution networks - where it is joint with Rothschild - for an estimated £4.5bn; Odeon, the UK's cinema group with a £400m price tag; and Linde Refrigeration, the German company, expected to be valued at less than €400m ($500m).