Spanish oil company Repsol has sold an 11.86 percent stake in Argentine energy group YPF to Morgan Stanley, a company spokesman said on Wednesday, without disclosing a price. The sale was made at $26.90 per share, a source with knowledge of the matter said, or a total of $1.25 billion.
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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