Societe Generale Group (ENXTPA:GLE) and Getin Noble Bank Spólka Akcyjna (WSE:GNB) may reportedly buy 26% stake in Alior Bank Spólka Akcyjna (WSE:ALR) from Carlo Tassara SpA. Frederic Oudea, Chief Executive Officer of Societe Generale said that the company has €4 billiion to spend on acquisitions through 2016 and might invest in European consumer or private banking. Carlo is selling the stake to cut debt and has been looking for a buyer since its intial public offering in 2012.

Last year, Carlo extended the deadline for sale of Alior until June 2016. Leszek Czarnecki, Polish billionaire is also reported to consider bidding for Alior Bank. No final decision has yet been made by any potential buyers.

Spokespersons for Societe Generale and Czarneck declined to comment. Helene Zaleski, Alior's supervisory Board Chairwoman and Carlo's representative did not comment on the potential buyers or the timing of potential transaction.