China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | November 16, 2016

A Newsletter on Deal Making in China

china_dealbook_newsletter_chinese_m&a_mergers_acquisitions

Deal News

 

China Minsheng Financial eyes financial sector buys in Europe
China Minsheng Financial Holding Corp is scouting for acquisitions of financial services companies including banks in Europe, betting on the bloc's strengthening ties with the world's second-largest economy, a top executive said.


China Minsheng Financial's planned push into the European Union's financial sector comes against the backdrop of some countries looking for investors to bail out their stressed banks, and Beijing's push to bolster trade ties with Europe. Portugal's Novo Banco, which the state is trying to sell after a 2014 rescue, has several new potential buyers, including China Minsheng Financial, a senior government offi...