Reuters

(Reuters)

Morgan Stanley to sell stake in TransMontaigne

Features Reuters

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.

Continue Reading Below

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.