Deals
Morgan Stanley Says Unit Sale to Russia’s Rosneft Is at Risk
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Morgan Stanley said an agreement to sell its oil-merchanting business to Russia’s OAO Rosneft may not be completed in time to beat a year-end deadline.
“We are continuing to operate the business in the ordinary course, and should the deal not close, we would consider a variety of options,” New York-based Morgan Stanley said today in an e-mailed statement.