Morningstar to acquire wealth management platform provider praemium's u.k. and international business

Melbourne and london, dec. 21, 2021 /prnewswire/ -- morningstar (nasdaq: morn) and praemium limited (asx: pps) have reached an agreement for morningstar to acquire 100% of praemium's operations in the united kingdom, jersey, hong kong, and dubai. the consideration for the transaction will comprise cash of £35 million, subject to completion adjustments.
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