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Morgan Stanley buying partner stakes in Chinese MF, securities JVs for $150m

Morgan Stanley buying partner stakes in Chinese MF, securities JVs for $150m

FILE PHOTO: A file photo showing the logo of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton

Morgan Stanley is buying stakes put up for sale by its partner in their China securities and mutual funds joint ventures for about $150 million, according to a statement by the partner, moving towards full ownership of the businesses.

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