Morgan Stanley is in advanced talks over selling a stake in its multibillion-dollar commodities trading division to Qatar's sovereign wealth fund, CNBC reported on Friday, citing people familiar with the matter.
Talks have recently focused on the Qatar Investment Authority buying a minority stake, according to one of the people, CNBC reported on its website. It said a deal might be imminent, but cautioned the exact terms could not be determined and that discussions could still fall apart.
A Morgan Stanley spokeswoman declined to comment.
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