Corporate Commercial Bank AD (BUL:6C9) has withdrawn from the consortium with JSC VTB Bank (LSE:VTBR) that was bidding for southeastern European network of Hypo Alpe-Adria-Bank a.d. The main bidders for the network are the Russian consortium, a group of Bulgarian investors headed by Denis Barekov and tie up of Advent International Corporation and The European Bank for Reconstruction and Development. A spokesperson for Hypo Alpe-Adria-Bank a.d. refused to comment on the participants in the tender but said that the talks with potential investors had reached an advanced stage.