BinckBank and Flow Traders announce sale of Think ETF Asset Management B.V.

BinckBank N.V. (60%), Flow Traders N.V. (24%) and Think ETF's management (16%) together announce the sale of their stakes in Think ETF Asset Management B.V. to Van Eck Associates.

Corporation. With the sale of the Dutch ETF-company, Van Eck will receive almost full ownership of Think ETF's, only management of Think ETF's will retain a small stake. The financial details of the transaction are not disclosed at this stage.

Following this sale, BinckBank's Vincent Germyns and Flow Traders' Dennis Dijkstra will step down from Think ETF's' Supervisory Board. The transaction is subject to approval from the Dutch Central Bank (DNB) and is expected to be closed by 1Q 2018.

Berkshire Capital and Loyens Loeff advised the sellers in this transaction.