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Komfie Manalo, Opalesque Asia:

VanEck , the global asset manager with $46bn in assets under management, is acquiring the Dutch ETF issuer, Think ETF Asset Management B.V., bringing the number of VanEck-sponsored UCITS-ETFs available in Europe to 20 from the previous 6.

Under the deal, Think's senior management will retain a minor stake in the company, with the rest to be owned by VanEck. Think signed the share purchase agreement on Friday with the prior owners of Think-BinckBank N.V., Flow Traders N.V., and the senior management of the firm.

"ETFs have seen significant uptake from the investment community in Europe over the past several years, and there are events on the horizon that appear likely to spur an even greater migration of assets to the ETF structure in European markets. As this unfolds, we are very excited to bring the Think team and their innovative product offerings into the VanEck fold," said Jan van Eck, CEO of VanEck. "We are pleased to add Think's ETF offerings, together with its knowledge and experience, as we continue to build on our efforts in Europe."

Berkshire Capital advised the selling shareholders on this transaction. The acquisition is expected to be completed later this year, pending approval by the relevant supervisory authorities, this acquisition is expected to be completed later this year.

"In the Netherlands, as elsewhere in Europe, private and institution......................

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