Morgan Stanley to Sell TransMontaigne Stake

Posted by Joseph Keefe
Monday, June 09, 2014

Morgan Stanley is selling its stake in oil pipeline company TransMontaigne Inc to NGL Energy Partners LP for $200 million, as the bank slims down its commodities business.

Morgan Stanley said the sale includes its general partner and limited partner interests in TransMontaigne Partners LP .

The deal is expected to close in the third quarter of 2014.


Reporting by Neha Dimri

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