Praemium to sell international business to Morningstar for £35m

Mark Battersby
clock • 3 min read

Australia-headquartered platform provider Praemium has agreed to sell 100% of its operations in United Kingdom, Jersey, Hong Kong and Dubai (International Business) to Morningstar. The consideration for the transaction will comprise cash of £35m), subject to completion adjustments, Praemium said in a statement on 21 December. The transaction will allow Praemium to focus its financial and leadership resources on further accelerating its growth trajectory in the Australian platform market. At the same time, it unlocks capital and is a strong endorsement of the quality of Praemium's p...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?