Millhouse Capital UK Limited is planning to bid for Hypo Alpe-Adria-Bank a.d.'s asset. The company is reportedly preparing to pay €500 million for lender Alpe-Adria-Bank's Balkans network. Reuters reported citing sources as saying that Millhouse has said that the deal would help protect Austrian taxpayers by providing €1 billion in guarantees for loans Hypo had made, and that it intends to keep the Balkans business intact.

A Bulgarian-Russian consortium backed by JSC VTB Bank (LSE:VTBR) was also said to be interested.