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 July, 2010 | 0:00
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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.

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