Morgan Stanley Acquires Kalina Depositary Receipts

Morgan Stanley Acquires Kalina Depositary Receipts

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The investment fund Morgan Stanley Investment Management acquired depositary receipts accounting for 1.75% of Russian cosmetics company Kalina in the third quarter 2005, according to information from the Bank of New York. The market value of the Kalina stake owned by MSIM, as of the end of the third quarter, was estimated at $9.1 million.

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