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Breaking News from CNBC's Kate Kelly: Goldman Sells Its Aluminum Storage Business -- Source

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.

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