Constantia says sale eyed for end-week, LGT out

VIENNA Nov 23 (Reuters) - The sale of Austrian wealth manager Constantia Privatbank could be decided by the bailed-out bank's supervisory board on Wednesday and could be signed by the end of the week, Constantia said on Monday.

Several bids for the bank have been filed by Monday's deadline and will be reviewed by the supervisory board, Constantia board member Helmut Urban said in a statement.

Sources close to the process earlier said Liechtenstein's biggest bank, LGT, and a group led by a former UniCredit (CRDI.MI) Bank Austria manager were among the bidders, but a spokesman for LGT said it did not file a formal offer.

Constantia, which caters to wealthy clients in Austria and a custodian for investment funds, ran into a liquidity squeeze last year when problems at affiliated real estate group Immofinanz (IMFI.VI) sent nervous clients scurrying.

Christine de Castelbajac, a heir of Austria's Turnauer family, which owned a range of industrial and real estate firms, had to cede control of Constantia to Austria's five biggest banks in a government-orchestrated bail-out to avoid a bank run.

The banks -- Bank Austria, Erste Group (ERST.VI), Raiffeisen Zentralbank [RZB.UL], Oesterreichische Volksbanken (OTVVp.VI) and Bawag P.S.K. -- have since been trying to sell the banking and asset management arm, and sort out various legal battles. (Reporting by Alexandra Schwarz; writing by Boris Groendahl, editing by Will Waterman) ((boris.groendahl@reuters.com; +43 1 53112-258; Reuters Messaging: boris.groendahl.reuters.com@reuters.net))