A Mexican company has made a takeover bid for Espirito Santo Saude, the health business owned by Portugal’s indebted Espirito Santo family.<br /><br />Mexico’s Grupo Angeles is offering about 411 million euros.<br /><br />That could be welcome news for the Espirito Santo family.<br /><br />They need to sell assets after their main holding companies filed for creditor protection in July under a mountain of debt, leading to the collapse of Banco Espirito Santo, at one time Portugal’s largest bank. It had to be rescued because of its exposure to the family’s debts.<br /><br />The health care business operates 18 centres in Portugal, including hospitals, clinics and care homes for the elderly.<br /><br />Espirito Santo Saude has made no immediate public response to the takeover approach.<br /><br />with Reuters
