KBC May Decide to Sell Absolut Bank in Weeks, Vedomosti Says

Belgium’s KBC Groep NV (KBC) may decide to sell Russia’s Absolut Bank ZAO (AKBAO) in weeks, Vedomosti reported today, citing people it didn’t identify.

The possible bidders include Otkritie Financial Corp. JSC, Nomos Bank (NMOS), and Commercial Bank Stroycredit (KBSAM), Vedomosti said.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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