Another Chinese bidder has been linked to a takeover of restructuring German shipping lender HSH Nordbank.

Der Spiegel magazine named China's Anbang Insurance Group as interested in the bank.

It has already been reported that China's HNA Group and private equity player Apollo are in the running to take over the 85% stake owned by Hamburg and Schleswig-Holstein.

HSH must privatise as part of a restructuring deal agreed with the European Union.

A total of seven bidders are carrying out due diligence, Der Spiegel said.