VIENNA Dec 11 UniCredit unit Bank
Austria plans to sell its underperforming banking unit in
Kazakhstan, unwinding a $2.1 billion 2007 deal that did not live
up to its potential, Austrian paper Die Presse reported.
It did not cite its sources for Tuesday's report, which said
an investor group from Almaty was favourite to buy ATF bank for
around 440 million euros ($569 million), in line with its
current book value.
A deal was not certain because some details still needed
negotiation, it added.
ATF had total assets of 5 billion euros and 103 branches as
of September, making it the country's fifth-biggest lender, Bank
Austria says on its website.
Bank Austria was not immediately available for comment.
($1 = 0.7736 euros)
(Reporting by Michael Shields; Editing by Helen