Bloomberg News

Alexander Lebedev May Buy KBC’s Absolut Bank, Kommersant Says

August 03, 2012

Alexander Lebedev, a Russian billionaire, may buy ZAO Absolut Bank from Belgium’s KBC Groep NV (KBC) for 600 million euros ($730 million), Kommersant reported, citing three unidentified people familiar with the matter.

Lebedev didn’t confirm that he plans to buy the bank, and KBC declined to comment, the newspaper said.

To contact the reporter on this story: Marina Sysoyeva in Moscow at msysoyeva@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net


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