Praemium sells UK and international arm to Morningstar

Morningstar and Praemium 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. “Praemium has a fast-growing U.K. and international business and a talented…