Morgan Stanley 2014 Annual Report Download - page 79
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On March 27, 2014, the Company completed the sale of Canterm Canadian Terminals Inc. (“CanTerm”), a
public storage terminal operator for refined products with two distribution terminals in Canada. As a result of the
Company’s level of continuing involvement with CanTerm, the results of CanTerm are reported as a component
of continuing operations within the Company’s Institutional Securities business segment for all periods
presented. The gain on sale was approximately $45 million.
On July 1, 2014, the Company completed the sale of its ownership stake in TransMontaigne Inc., a U.S.-based oil
storage, marketing and transportation company, as well as related physical inventory and the assumption of the
Company’s obligations under certain terminal storage contracts, to NGL Energy Partners LP. The gain on sale,
which was included in continuing operations, was approximately $112 million for 2014.
75