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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Morgan Stanley may sell commodities-unit stake to Qatar SWF

Posted on 23 July 2012

Morgan Stanley (MS) (MS) is in advanced talks to sell part of its commodities business to the Qatar Investment Authority for $1 billion or more, CNBC reported, citing unidentified people familiar with the matter.
Negotiations, which could still fall apart, have focused on selling a minority stake in the unit to the sovereign-wealth fund, CNBC said. Mary Claire Delaney, a spokeswoman for the bank, declined to comment on the report. There was no response to an e-mail sent to the Qatari fund’s press office………………………………………..Full Article: Source


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