Morningstar Europe, a subsidiary of Morningstar Inc., a provider of independent investment research, has completed the previously reported 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 U.S. $15.2 million, or approximately DKK 91 million, plus an amount for its share of first-half 2010 net profits.
Located in Copenhagen, Morningstar Danmark was established in 2001 by Morningstar Europe and Phosphorus, a Danish company. Peter Meyer, chief executive officer, and Torben Bruun, chief operating officer, will continue to lead the company.
Location: USA, Chicago,IL & Denmark, Copenhagen
Ref: F231109-474
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