--FILE--Vista del quartier generale di Anbang gruppo assicurativo a Pechino in Cina, 15 gennaio 2014. Alta qualità del giornalismo globale richiede investimenti.
--FILE--View of the headquarters of Anbang Insurance Group in Beijing, China, 15 January 2014. High quality global journalism requires investment. See Portugal's Novo Banco is set to fall into Chinese hands in a €4bn-plus deal that would be the biggest European financial services acquisition by a China-based group. The auction of the "good bank" created from the wreckage of Banco Esp¨ªrito Santo has turned into a shootout between Anbang Insurance and Fosun International, two acquisitive Chinese rivals, said several people familiar with the situation. A Fosun or Anbang takeover of Portugal's third-largest bank by assets at the price of more than €4bn being mooted by bankers would highlight the intensifying pace of Chinese investments across Europe's struggling financial services industry. Final bids for Novo Banco are due to be submitted by the end of June. While five bidders remain in the process, the people said it now appeared to be a question of which Chinese group would pay more.
