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 November 2, 2015 - 8:30 AM EST
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Morgan Stanley Completes Sale of Global Oil Merchanting Business to Castleton Commodities International LLC

Morgan Stanley (NYSE: MS) announced today that it has completed the sale of the Global Oil Merchanting unit of its Commodities division to Castleton Commodities International LLC. Financial terms of the transaction were not disclosed.

The sale includes a diversified international network of oil terminal storage agreements; inventory; physical oil purchase, sale and supply agreements; and freight shipping contracts. The transaction – which does not include Morgan Stanley’s client-facilitation oil trading and risk management business or any of its commodities operations outside of the oil sector – leaves the Firm with a leaner and more client-focused commodities business.

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing investment banking, securities, wealth management and investment management services. With offices in more than 43 countries, the Firm's employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit

About Castleton Commodities International LLC

CCI is a global commodities merchant with an integrated set of operations consisting of the marketing and merchandising of commodities and the ownership, operations and development of commodities-related upstream and infrastructure assets. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power and coal and financial instruments related to commodities. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay.

Media Relations
Morgan Stanley
Mark Lake, 212-761-8493

Source: Business Wire (November 2, 2015 - 8:30 AM EST)

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