Morgan Stanley to sell stake in TransMontaigne

June 9 Mon Jun 9, 2014 8:35am EDT

June 9 (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.

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. (Reporting by Neha Dimri in Bangalore; Editing by Kirti Pandey)

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