VWD Buys EDG Stake for Ratings

VWD began carrying data from EDG in October 2008 via its finanztreff.de investment portal, and now intends to integrate the content into its Market Manager terminal, portfolio management system and datafeeds, officials say, though they decline to provide details of the timeframe for the integration project.

Once VWD completes its purchase of the majority stake-which will see it acquire a 51 percent share in three companies that make up EDG, namely Munich-based EDG AG, St. Gall, Switzerland-based