ABN AMRO Bank N.V. Announces Completion of the Acquisition of Banco CR2 S.A.

By MarEx 2013-08-01 10:02:00

On 25 October 2012 ABN AMRO Bank N.V. announced it had reached an agreement to acquire Banco CR2 S.A., a small privately owned commercial bank based in Brazil.

The completion was subject to the satisfaction of closing conditions. These conditions have been met and as a result the acquisition of Banco CR2 S.A. was completed on 31 July 2013.

This acquisition fits with the strategy to selectively grow the existing international businesses and allows ABN AMRO to offer on-shore products authorised under Brazilian banking regulations to its existing clients in the Energy, Commodities and Transportation sector.

The products and services herein described in this press release are not endorsed by The Maritime Executive.