-Morgan Stanley sells remaining stake in DigitalGlobe.
BANKING AND CREDIT NEWS-March 4, 2013--Morgan Stanley sells remaining stake in DigitalGlobe(C)2013 M2 COMMUNICATIONS http://www.m2.com
4 March 2013 -- New York-based financial services firm Morgan Stanley (NYSE: MS) said it has sold its remaining legacy ownership interest in 7,463,076 shares of US geospatial information and analysis provider DigitalGlobe Inc (NYSE: DGI) common stock.
Edgar Sabounghi, the senior executive managing Morgan Stanley Principal Investments said that his firm had divested its final stake in DigitalGlobe, with whom its relationship began over a decade ago.
According to Jeffrey R. Tarr, president and chief executive officer of DigitalGlobe, said that during the period of MS's investment DigitalGlobe had grown from a fledgling start-up to a mature company.
DigitalGlobe is a provider of commercial high-resolution earth observation and advanced geospatial solutions with customers in defense and intelligence, public safety, civil agencies, map making and analysis, environmental monitoring, oil and gas exploration, infrastructure management, navigation technology, and other industries.
In January 2013, DigitalGlobe and GeoEye merged under the DigitalGlobe name.
Morgan Stanley provides a range of investment banking, securities, investment management and wealth management services.
Find out more at www.morganstanley.com and www.digitalglobe.com/combination.
1 USD = 0.6611.8 GBP
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Mar 4, 2013|
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