Hypo Alpe-Adria-Bank International has appointed JPMorgan Chase to find a buyer for its domestic division, Bloomberg reports. The lender is in informal discussions with the potential bidders for the unit. The board of Hypo Alpe-Adria-Bank, which was nationalized in 2009, has also initiated the evaluation of a possible sale of its unit. The Austrian banking group’s domestic unit has about $9.5 billion of assets, as per a report for the first half of 2010.

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