Morningstar Acquires Danish Joint Venture

Morningstar’s European subsidiary is to buy out Phosphorus AS’s 75 percent holding in Morningstar Denmark for just over $15 million, to expand its offering to cover Morningstar’s full range of services. Morningstar Denmark, a joint venture set up in 2001, provides online fund and ETF data, portfolio tools and market analysis. The company’s management and staff will remain in Copenhagen.

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