KfW says Lone Star to get 90.8 pct IKB stake

Newswire

FRANKFURT, Aug 21 (Reuters) - German state bank KfW [KFW.UL] said U.S. private equity group Lone Star [LS.UL] will take a 90.8 percent stake in lender IKB , Germany's most prominent casualty of the subprime crisis. KfW made the announcement in an invitation to a news conference later on Thursday. Sources told Reuters late on Wednesday that Lone Star had been chosen as buyer by KfW's supervisory board. (Reporting by Patricia Uhlig, Writing by Sylvia Westall)

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