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Jul 21 2012

Morgan Stanley, Qatar Sovereign Wealth Fund in Talks on Commodities Unit -CNBC

Saturday, Jul 21, 2012

(This story was originally published on Friday.)

Morgan Stanley (MS) and the Qatar Investment Authority are in advanced talks over the sovereign wealth fund taking a stake in the bank's commodities unit, CNBC's Kate Kelly reported Friday, citing several people familiar with the matter.

A deal could fetch $1 billion or more for Morgan Stanley, although terms could not immediately be determined, Kelly reported. Talks of late have raised the possibility of the fund taking a majority stake in the unit, one person said.

A Morgan Stanley spokesman declined comment and a representative for the Qatari fund did not respond to requests for comment. The bank also declined comment to Dow Jones Newswires.

Full story at: www.cnbc.com/id/48241872

Write to nymonitoring@dowjones.com

(END) Dow Jones Newswires

21-07-12 0654GMT


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