Chinese shipping and logistics group HNA is reportedly one of the bidders in the privatisation of HSH Nordbank.

This is according to sources cited by the Financial Times, who said more than five companies had expressed an interest in the restructuring German shipping lender by the Friday deadline.

The bank is being sold off by the states of Hamburg and Schleswig-Holstein, which propped it up during the financial crash, as part of an aid deal agreed with the European union.

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