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Morgan Stanley in talks to sell commodities business

Posted on 20 November 2013

Morgan Stanley’s talks to unload its commodities business are heating up against after months of fruitless negotiations with potential buyers. The bank is said to be in talks with Russian trading outfit Rosneft for its volatile commodities platform, which it has been trying to sell for more than two years, sources told The Post.
The story was first reported on industry trade site Spark Spread. Talks between the Rosneft and Morgan Stanley are said to be in advanced stages but could still fall apart. A Morgan Stanley spokesman declined to comment……………………………………Full Article: Source


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