Morningstar
RecommendedMorningstar Fund Awards 2024What's New Whats New Icon
Morningstar News

Morningstar Europe Completes Acquisition of Morningstar Danmark A/S

Morningstar Europe B.V. Completes Acquisition of Remaining Ownership Interest in Morningstar Danmark A/S

Morningstar Analysts 06.07.2010
Facebook Twitter LinkedIn
Font-Size
Morningstar Europe B.V., a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, has completed its previously announced acquisition of a 75 percent ownership interest in Morningstar Danmark A/S from Phosphorus A/S, bringing its ownership to 100 percent. Morningstar paid Phosphorus A/S U.S. $15.2 million, or approximately DKK 91 million, plus an amou

nt for its share of first-half 2010 net profits.

Located in Copenhagen, Morningstar Danmark was established in 2001 by Morningstar Europe and Phosphorus A/S, a Danish company. Peter Meyer, chief executive officer, and Torben Bruun, chief operating officer, will continue to lead the company.


Facebook Twitter LinkedIn
Font-Size

About Author

Morningstar Analysts   -

© Copyright 2024 Morningstar Asia Ltd. All rights reserved.

Terms of Use        Privacy Policy          Disclosures

Select Your Site Edition To make sure the site is relevant to you, we need to know if you’re an individual investor or a financial professional.