June 21, 2010 (FinancialWire) — Morningstar Europe B.V., a subsidiary of Morningstar, Inc. (NASDAQ: MORN), a provider of investment research, has entered into a definitive agreement to acquire a 75 percent ownership interest in Morningstar Danmark A/S from Phosphorus A/S, bringing its ownership to 100 percent.

Under the deal, Morningstar will pay Phosphorus A/S U.S. $15.2 million, or around DKK 91 million, plus an amount for its share of first-half 2010 net profits. The companies say they expect to complete the transaction in July, subject to customary closing conditions.

Copenhagen-based Morningstar Danmark was established in 2001 by Morningstar Europe and Phosphorus A/S, a Danish company. The company's main offering is the investment information website for individual investors, Morningstar.dk, which provides fund and ETF data, portfolio tools, and market analysis.

Morningstar Danmark has 11 employees based in Copenhagen. Peter Meyer, chief executive officer, and Torben Bruun, chief operating officer, will continue to lead the company.

Chicago-based Morningstar is a provider of independent investment research in North America, Europe, Australia, and Asia. The company has operations in 20 countries and minority ownership positions in companies based in two other countries.

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