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BlackRock to buy Credit Suisse European ETF business

The deal will give BlackRock control of nearly three quarters of the physical ETF market in Europe, according to data from consultancy ETFGI

BlackRock, which will control 75% of the physical exchange-traded fund market in Europe once its deal to acquire Credit Suisse’s European ETF business completes, sees opportunity for further industry consolidation.

The world's largest fund manager today announced plans to buy the Swiss bank's ETF business to strengthen its position in Switzerland. The terms of the deal were not disclosed.

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