Morgan Stanley Acquires Montreal Gateway Terminals, the Container Port of Montreal.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. (NYSE NYSESee: New York Stock Exchange :MS) announced today that its infrastructure investment group, part of the Firm's Investment Management Division, has entered into an agreement to acquire an 80 percent interest in Montreal Gateway Terminals from Germany's TUI tui: see honeyeater. (Telephone User Interface) The combination of Touch-tone input from the telephone keypad coupled with speech output from the connected voicemail or IVR application. , a leading tourism and shipping group. The Port of Montreal Of Montreal is an American indie pop band formed in Athens, Georgia, fronted by Kevin Barnes. It was among the second wave of groups to emerge from The Elephant 6 Recording Company. is the third largest North Atlantic container port and serves as a key entry point for trade between Europe and Montreal, Toronto and the Midwest U.S., including Chicago and Detroit. Hapag-Lloyd, TUI's shipping subsidiary, is a major customer of the container terminals and will remain a partner, retaining a 20 percent stake in Montreal Gateway Terminals. Hapag-Lloyd focuses on global container liner shipping and is one of the top five shipping companies in the world. Montreal Gateway Terminals operates the Racine and the Cast terminals on the St. Lawrence River in Montreal, Quebec. In 2005, Montreal Gateway Terminals handled 1.1 million TEU TEU Twenty-Foot Equivalent Units (intermodal shipping container) TEU Technical Escort Unit TEU Technical Escort Unit (Army) TEU Tactical Enforcement Unit TEU Treaty of European Union , representing 89 percent of all containers handled in Montreal. "We are seeking a broad array of stable infrastructure opportunities, and this investment represents another important step in the build-out of our infrastructure business," said Sadek Wahba, Managing Director and responsible for Morgan Stanley's infrastructure investments. "The strategic location combined with a high utilization of the Montreal port provides a particularly stable income profile," added Ron Lepin who recently joined Morgan Stanley as a Managing Director from Ontario Teachers Pension Plan where he built their infrastructure investment program over the last five years. "Montreal is a strategic gateway for both Canada and the Midwestern U.S. markets, and is important to our shipping business," said Adolf Adrion, member of the executive board of Hapag-Lloyd based in Hamburg. "We are delighted to continue our involvement in the Montreal Gateways Terminals and look forward to working with Morgan Stanley to further develop the business." About Morgan Stanley Investment Management Morgan Stanley Investment Management, together with its investment advisory affiliates, has over 400 investment professionals around the world and $478 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. or supervision as of November 30, 2006. These entities offer investment management services to a diverse client base, which includes governments, institutions, corporations and individuals. About Morgan Stanley Morgan Stanley (NYSE: MS) is a leading global financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firm providing a wide range of investment banking, securities, investment management, wealth management and credit services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 600 offices in 30 countries. For further information about Morgan Stanley, please visit www.morganstanley.com. |
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