Spanish oil company Repsol has sold its remaining 12 percent stake in Argentine energy group YPF in the market through Morgan Stanley for $1.3 billion, Expansion newspaper reported on Wednesday, citing unnamed financial sources. Expansion said the block sale was made at a price between $27.6 and $27.9 per share.Repsol officials were not immediately available to comment.Repsol has also made contact with UBS, JP Morgan, Goldman Sachs and Deutsche Bank to prepare for the imminent sale of Argentine bonds it is set to receive on Thursday as part of its $5 billion compensation with Argentina for the 2012 seizure of YPF, the newspaper said.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 2.03% or $-0.61/share to $29.46. In the past year, the shares have traded as low as $23.06 and as high as $33.52. On average, 12742600 shares of MS exchange hands on a given day and today's volume is recorded at 16285597.
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