Morgan Stanley in talks to sell commodities business to Russian firm

Morgan Stanley HQ

Morgan Stanley’s talks to unload its commodities business are heating up against after months of fruitless negotiations with potential buyers.

The New York Post reports that 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 newspaper.

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.

The tie-up between Morgan Stanley and Moscow-based Rosneft could face political hurdles even if a deal is reached in principle, Spark Spread reported.

Specifics on possible deal terms, including price and structure, could not be learned.

To access the complete New York Post article hit the link below:

Morgan Stanley in talks to sell commodities business

Tim Getihner heads to NY private-equity firm


JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts