Morgan Stanley to Sell TransMontaigne Ownership Stake to NGL Energy Partners

Morgan Stanley to Sell TransMontaigne Ownership Stake to NGL Energy Partners

Morgan Stanley (NYSE:MS) announced a definitive agreement to sell its ownership stake in TransMontaigne Inc., a U.S.-based oil storage, marketing and transportation company, to NGL Energy Partners LP.
The sale includes Morgan Stanley’s General Partner and Limited Partner interests in TransMontaigne Partners LP (NYSE:TLP), as well as related physical inventory and the assumption of Morgan Stanley’s obligations under certain terminal storage contracts.

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