Praemium to sell international business to Morningstar for £35m

clock • 3 min read
Praemium to sell international business to Morningstar for £35m

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...

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