Sberbank’s Potential Fortenova Sale Gains Steam After Sanctions

Sberbank PJSC’s stake in the biggest retailer in the Balkans has attracted interest from several suitors, according to two people familiar with the negotiations, as the Russian lender retrenches after getting slapped with sanctions over the war in Ukraine.

Indotek-Investments, a fund controlled by Hungarian businessman Daniel Jellinek, is among the potential buyers and is conducting due diligence for Sberbank’s 43% stake in Fortenova Grupa d.d., according to two people familiar with the negotiations, who asked not to be identified as the talks are private.

A spokesman for Indotek didn’t immediately comment on the potential deal, while Sberbank’s press ...