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