Morningstar Buys Out Swedish Joint Venture

Morningstar HQ

Chicago-based data and investment research provider Morningstar has acquired the remaining 76 percent ownership stake that it did not already own in Morningstar Sweden from Stadsporten Citygate -- its partner in the joint venture since 2001, after Citygate's Fondstar subsidiary began licensing Morningstar's funds rating methodology in 1998 -- and two private investors for 87 million Swedish kronor (about $13 million), and will integrate the business and its 25 employees into its other Nordic business.

Officials say the move will provide seamless access to the vendor's offerings and better serve clients in the region.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

Most read articles loading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here