Deals
Morgan Stanley Sells European Stock Plan Unit for $48.5 Million
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Morgan Stanley, owner of the world’s largest brokerage, agreed to sell its European stock plan services business to Computershare Ltd. for $48.5 million.
The deal is expected to be completed in May, Abbotsford, Australia-based Computershare said today in a statement. Morgan Stanley will continue to provide trade execution to clients of the business after the sale, the New York-based bank said in a separate statement.