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Qatar talks with Morgan Stanley hit a bump
- Qatar: Sunday, October 07 - 2012 at 09:12
Talks between Qatar's sovereign wealth fund and Morgan Stanley over its acquisition of the US financial services firm's commodities business have run into difficulty, and the deal may need to be reworked if it is to go ahead, Reuters has reported, citing banking sources. "There have been some differences, and Qatar is a bit lukewarm about it," one banker said. "It's not dead yet but definitely not imminent," the banker said. The hitch was not about price but about the structure of the deal, which would see the divested unit run by the existing commodities team at Morgan, he said. Morgan Stanley has been in discussion for more than a year with Qatar over the sale of at least a majority stake in the energy-focused trading business, the bankers said.
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