ABN Amro Holding plans to buy Banco Real, Brazil's fourth-biggest, the Dutch banking company said Wednesday.

The purchase, estimated at $3 billion, is the latest and biggest in a series of acquisitions of Latin American banks by foreign institutions, including HSBC Holdings' recent acquisition of Banco Bamerindus do Brasil SA for $1.4 billion.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.