WHEN: TODAY, MONDAY, December 22, 2014
WHERE: CNBC'S "POWER LUNCH"
Following is the unofficial transcript of breaking news from CNBC's Kate Kelly.
All references must be sourced to CNBC.
KATE KELLY: GOLDMAN SACHS HAS SOLD ITS EMBATTLED METAL STORAGE UNIT CALLED METRO TO REUBEN BROTHERS A SWISS INVESTOR BASED IN GENEVA. WORD JUST OUT THAT THE DEAL WAS VERY RECENTLY FINALIZED. THE TERMS IN TERMS OF THE MONEY PAID NOT DISCLOSED BUT GOLDMAN'S BEEN LOOKING TO SELL METRO SINCE AT LEAST MAY OF THIS YEAR. METRO IS A PLACE WHERE INVESTORS AND OTHERS CAN STORE ALUMINUM AND OTHER METALS SOMETIMES OVER LONG PERIODS OF TIME. PRACTICES AT METRO DRAWING CONTROVERSY AS RECENTLY AS LAST MONTH FROM AN INFLUENTIAL SENATE PANEL WHICH ACCUSED GOLDMAN'S METAL UNIT OF ENGAGING IN PRACTICES THAT WERE TANTAMOUNT TO THE MANIPULATION OF ALUMINUM PRICES IN THE US. SO TYLER THAT DEBATE WILL MOVE ON PERHAPS TO OTHER OWNERS IN THE SENSE THAT GOLDMAN HAS DISPOSSESED THIS ASSET AND THEY'VE SOLD IT TO THIS SWISS COMPANY REUBEN BROTHERS.
With CNBC in the U.S., CNBC in Asia Pacific, CNBC in Europe, Middle East and Africa, CNBC World and CNBC HD , CNBC is the recognized world leader in business news and provides real-time financial market coverage and business information to approximately 371 million homes worldwide, including more than 100 million households in the United States and Canada. CNBC also provides daily business updates to 400 million households across China. The network's 15 live hours a day of business programming in North America (weekdays from 4:00 a.m. - 7:00 p.m. ET) is produced at CNBC's global headquarters in Englewood Cliffs, N.J., and includes reports from CNBC News bureaus worldwide. CNBC at night features a mix of new reality programming, CNBC's highly successful series produced exclusively for CNBC and a number of distinctive in-house documentaries.
CNBC also has a vast portfolio of digital products which deliver real-time financial market news and information across a variety of platforms. These include CNBC.com, the online destination for global business; CNBC PRO, the premium, integrated desktop/mobile service that provides real-time global market data and live access to CNBC global programming; and a suite of CNBC Mobile products including the CNBC Real-Time iPhone and iPad Apps.
Members of the media can receive more information about CNBC and its programming on the NBC Universal Media Village Web site at http://www.nbcumv.com/programming/cnbc.