0000950103-13-007382.txt : 20131220 0000950103-13-007382.hdr.sgml : 20131220 20131220141853 ACCESSION NUMBER: 0000950103-13-007382 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20131220 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20131220 DATE AS OF CHANGE: 20131220 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY CENTRAL INDEX KEY: 0000895421 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 363145972 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11758 FILM NUMBER: 131291054 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 212-761-4000 MAIL ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: MORGAN STANLEY DEAN WITTER & CO DATE OF NAME CHANGE: 19980326 FORMER COMPANY: FORMER CONFORMED NAME: DEAN WITTER DISCOVER & CO DATE OF NAME CHANGE: 19960315 8-K 1 dp42678_8k.htm FORM 8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (date of earliest event reported): December 20, 2013

	MORGAN STANLEY
	(Exact Name of Registrant as Specified in its Charter)

Delaware	1-11758	36-3145972
(State or Other Jurisdiction of Incorporation or Organization)	(Commission File Number)	(IRS Employer Identification Number)
	1585 Broadway New York, New York 10036
(Address, including Zip Code, Principal Executive Offices)

(212) 761-4000
Registrant’s telephone number, including area code

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14-d2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13-4e(c))

Item 8.01. Other Events.

On December 20, 2013, Morgan Stanley and a subsidiary of Rosneft Oil Company (“Rosneft”) entered into a Purchase Agreement (the “Purchase Agreement”) pursuant to which Morgan Stanley will sell the global oil merchanting unit of its commodities division to Rosneft. The transaction is subject to regulatory approvals and other customary conditions and is expected to close in the second half of 2014.

Also on December 20, 2013, Morgan Stanley issued a press release announcing entry into the Purchase Agreement. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d)	Exhibits.
99.1	Press Release issued by Morgan Stanley on December 20, 2013.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		MORGAN STANLEY

Date:	December 20, 2013	By:	/s/ Martin Cohen
			Name:	Martin Cohen
			Title:	Corporate Secretary

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release issued by Morgan Stanley on December 20, 2013.

EX-99.1 2 dp42678_ex9901.htm EXHIBIT 99.1


Contact:	Media Relations Michele Davis 212 761 9621	Media Relations Mark Lake 212 761 8493	Investor Relations Celeste Mellet Brown 212 761 3896

Morgan Stanley

For Immediate Release

Morgan Stanley to Sell Global Oil Merchanting Business to Rosneft

Transaction includes inventory, storage agreements and investments of oil merchanting unit; excludes Morgan Stanley’s U.S. infrastructure asset, TransMontaigne, as well as its client-facilitation oil trading business.

NEW YORK, December 20, 2013 –Morgan Stanley (NYSE: MS) today announced a definitive agreement to sell the Global Oil Merchanting unit of its Commodities division to a 100 percent subsidiary of Rosneft Oil Company. Financial terms of the transaction were not disclosed.

The sale includes a dispersed international network of oil terminal storage agreements; inventory; physical oil purchase, sale and supply agreements; equity investments; and freight shipping contracts. Approximately 100 front-office executives in the U.S., UK and Singapore, or one-third of Morgan Stanley’s total commodities front-office personnel, will move to Rosneft Group as part of the transaction.

Morgan Stanley’s oil merchanting business engages in the global storage, trading and transportation of oil and refined products. The transaction does not include Morgan Stanley’s client-facilitation oil trading business; its ownership stake in U.S.-based oil storage, marketing and transportation company TransMontaigne; or any of its commodities operations outside of the oil sector. The Firm is currently exploring strategic options for its stake in TransMontaigne.

Morgan Stanley’s non-controlling 49 percent stake in Heidmar Holdings LLC, which manages pools comprising a fleet of approximately 100 independently owned commercial tankers, is among the oil-related investments being transferred to Rosneft.

The transaction is not expected to have a material impact on Morgan Stanley’s financial results. Among other conditions, it is subject to regulatory approvals in the U.S., the E.U. and certain other jurisdictions. It is targeted to close in the second half of 2014.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,200 offices in 43 countries. For further information about Morgan Stanley, please visit www.morganstanley.com.

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