Wiener Privatbank SE (WBAG:WPB) is reportedly interested in buying the Austrian unit of Hypo Alpe-Adria-Bank International AG. Wiener Privatbank would pay as much as four times this year's projected earnings for the unit. JPMorgan Chase & Co.

(NYSE:JPM) is reportedly the financial advisor for Hypo Alpe-Adria. According to Bloomberg, Helmut Hardt, Chief Executive Officer of Wiener declined to comment and Hypo Alpe spokesman Nikola Donig said that talks about the sale of the unit are in a “final phase” with a small group of bidders that have made binding offers.