MACAU DAILY TIMES 澳門每日時報

Top Menu

  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia

Main Menu

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Our Team
  • Editorial Statute
    • Code of Ethics
    • Privacy Policy
    • Terms and Conditions
  • Archive
  • Contacts
  • Extra Times
    • Drive In
    • Book It
    • tTunes
    • Features
    • World of Bacchus
    • Taste of Edesia
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
logo
FOUNDER & PUBLISHER Kowie Geldenhuys
EDITOR-IN-CHIEF Paulo Coutinho
Macau,

MACAU DAILY TIMES 澳門每日時報

  • Home
  • Macau
    • Photo Shop
    • Advertorial
  • Interview
  • Greater Bay
  • Business
    • Corporate Bits
  • China
  • Asia
  • World
  • Sports
  • Opinion
    • Editorial
    • Our Desk
    • Business Views
    • China Daily
    • Multipolar World
    • The Conversation
    • World Views
  • Macau eyes mainland smart mosquito traps as alternative to citywide chemical spraying

  • Macau to open first mainland ‘Youth Home’ in Guangzhou this fall

  • Shared Summer 

  • Local banks complete 23 cross-border transactions on first day of mBridge participation

  • New urban Zone A sports ground on track for Q4 2027 completion

  • Customs continue to seize large quantities of smuggled goods

Forum
Home›Forum›Chinese groups well positioned to buy Portuguese bank

Chinese groups well positioned to buy Portuguese bank

By -
April 13, 2015
14
0
Share:

The highest non-binding bid for the purchase of Portuguese bank Novo Banco was presented by a Chinese group and is for over 4 billion euros, the Expresso Diário newspaper reported without identifying the bidder.
The Diário Económico newspaper reported in Friday’s edition that Anbang Insurance Group Co., which operates in the banking and insurance sectors, and Fosun International Ltd group, which purchased the Fidelidade insurance company and healthcare group ES Saúde, presented proposals of around 4 billion euros for the bank, which kept the healthy assets of the bankrupt Banco Espírito Santo (BES).
Expresso Diário said the highest bid was still less than the US$4.9 billion cash injection into Novo Banco, and will therefore always represent a loss to the resolution fund that will be borne by the banking system.
The daily newspaper stressed that the non-binding bids have several conditions and designs, and were therefore not directly comparable with some competitors, for example, calling for a capital increase by the bank.
By the end of next week, ten days after delivery of the non-binding offers, candidates for the second phase will be selected and will be asked to present a binding bid for Novo Banco.  MDT/Macauhub

FacebookTweetPin

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X

Like this:

Like Loading…

Related

Previous Article

Hong Kong | Gov’t said to seek ...

Next Article

Angola | Australian company extracts 1,317 diamonds ...

0
Shares

    Related articles More from author

    • Forum

      Angola reportedly the only country in Africa that makes more foreign investments than it receives

      September 11, 2014
      By -
    • Forum

      Angola | New airline may be equipped with Bombardier Q-400 aircraft

      March 7, 2018
      By -
    • Forum

      Angola is China’s third largest oil supplier in February

      April 24, 2017
      By -
    • Forum

      CCCC may buy construction company in Brazil

      September 7, 2016
      By -
    • Forum

      Chinese companies bolster oil sales in Angola

      October 9, 2015
      By -
    • Forum

      Chinese investment in Africa continues despite economic slowdown

      February 24, 2016
      By -

    Leave a reply Cancel reply

    You must be logged in to post a comment.

    • Macau

      Food bank assists 2,900 struggling residents

    • Macau

      Restaurateur determined to serve authentic Portuguese culinary delights

    • World

      The Buzz | Conservationists attacked in refuge for Mexican porpoise

    DAILY EDITION

    Friday, June 5, 2026 – edition no. 4965
    Friday, June 5, 2026 – edition no. 4965

    Greater Bay

    MDT MACAU GRAND PRIX SPECIAL

    June 2026
    M T W T F S S
    1234567
    891011121314
    15161718192021
    22232425262728
    2930  
    « May    

    Timeline

    • June 5, 2026

      Macau eyes mainland smart mosquito traps as alternative to citywide chemical spraying

    • June 5, 2026

      Macau to open first mainland ‘Youth Home’ in Guangzhou this fall

    • June 5, 2026

      Shared Summer 

    • June 5, 2026

      Local banks complete 23 cross-border transactions on first day of mBridge participation

    • June 5, 2026

      New urban Zone A sports ground on track for Q4 2027 completion

    • June 5, 2026

      Customs continue to seize large quantities of smuggled goods

    • June 5, 2026

      Round trip

    • June 5, 2026

      Children’s Arts Festival opens registration for workshops catering to all ages

    • June 5, 2026

      Tropical depression moving toward Japan poses no warnings for Macau

    • June 5, 2026

      TUI rejects appeal by PSP chief in disciplinary case

    Extra Times

    Extra TimesHeadlinesTaste of Edesia

    Shared Summer 

    There is a particular kind of magic that descends upon Hong Kong when summer arrives. The air hums with humidity and possibility, the harbour shimmers like a heat haze, and ...
    • Boots Riley’s ‘I Love Boosters’ is a wild, surrealist social satire

      By MDT/AP
      June 5, 2026
    • On McCartney’s ‘The Boys of Dungeon Lane,’ an ex-Beatle reminisces

      By MDT/AP
      June 5, 2026
    • Water Garden

      By -
      June 5, 2026
    • A Father’s Day Feast to Remember

      By Irene Sam, MDT
      May 29, 2026
    • Recent

    • Popular

    • Macau eyes mainland smart mosquito traps as alternative to citywide chemical spraying

      By Yuki Lei, MDT
      June 5, 2026
    • Macau to open first mainland ‘Youth Home’ in Guangzhou this fall

      By Ricaela Diputado, MDT
      June 5, 2026
    • Shared Summer 

      By Irene Sam, MDT
      June 5, 2026
    • Local banks complete 23 cross-border transactions on first day of mBridge participation

      By Renato Marques, MDT
      June 5, 2026
    • New urban Zone A sports ground on track for Q4 2027 completion

      By Yuki Lei, MDT
      June 5, 2026
    • Customs continue to seize large quantities of smuggled goods

      By Renato Marques, MDT
      June 5, 2026
    • Round trip

      By Paulo Coutinho, MDT
      June 5, 2026
    • Canidrome may have its days numbered, decision in ‘one or two months’

      By Paulo Coutinho, MDT
      May 26, 2016
    • Animal Welfare | Macau: Anima slams Canidrome management for avoiding debate

      By -
      May 4, 2016
    • Editorial | Canidoomed

      By Paulo Coutinho, MDT
      June 1, 2016
    • Animal Welfare | Canidrome presented with ultimatum: close or move

      By Daniel Beitler, MDT
      July 22, 2016
    • Australia regulator cracks down on alleged exportation of dogs to Macau

      By Paulo Coutinho, MDT
      June 10, 2016
    • USE OF ENGLISH IN MACAU | A ‘de facto’ official language

      By Catarina Pinto
      July 6, 2015
    • Animal rights | Canidrome: Anima in fresh airline negotiations as Canidrome closure looks more likely

      By Daniel Beitler, MDT
      May 27, 2016
    • Contact our Administrator
    • Contact our Editor-in-Chief
    • Contacts
    • Our Team
    • Privacy Policy
    • Terms and Conditions
    • Editorial Statute
    • Code of Ethics
    COPYRIGHT © MACAU DAILY TIMES 2008-2026. ALL RIGHTS RESERVED
    MACAU DAILY TIMES
    • Home
    • Macau
      • Photo Shop
      • Advertorial
    • Interview
    • Greater Bay
    • Business
      • Corporate Bits
    • China
    • Asia
    • World
    • Sports
    • Opinion
      • Editorial
      • Our Desk
      • Business Views
      • China Daily
      • Multipolar World
      • The Conversation
      • World Views
    • Our Team
    • Editorial Statute
      • Code of Ethics
      • Privacy Policy
      • Terms and Conditions
    • Archive
    • Contacts
    • Extra Times
      • Drive In
      • Book It
      • tTunes
      • Features
      • World of Bacchus
      • Taste of Edesia

    Loading Comments...

    You must be logged in to post a comment.

      %d