Are Chinese investors smart enough to call the bottom in Portugal’s economic cycle?
The two frontrunners to buy Novo Banco, the good bank carved out of the ill-fated Banco Espirito Santo, are Chinese companies Fosun and Anbang Insurance.
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Editor’s blogJune 8 2015
Is Portugal a good fit for China's bidders?
The good bank emerging from the ashes of Portugal's Banco Espirito Santo is currently being sold, with China's Fosun and Anbang Insurance two of the leading bidders. But, asks Brian Caplen, will either of these companies winning the bid work to anyone's advantage?
by Brian Caplen
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