ABN AMRO to acquire bank in Brazil

ABN AMRO Bank N.V. announced it has reached an agreement to acquire Banco CR2 S.A., a small privately owned commercial bank based in Brazil, with total assets of approximately € 25 million as of June 2012.

This acquisition will allow ABN AMRO to offer on-shore products authorised under Brazilian banking regulations to its existing clients in the Energy, Commodities and Transportation sector.

The closing of this transaction is subject to customary conditions being met, including approval by the relevant regulatory authorities.

This website uses cookies.