Lone Star chosen as IKB buyer - sources

Newswire

FRANKFURT, Aug 20 (Reuters) - U.S. private equity group Lone Star has been approved as the buyer for German bank IKB , Germany's most prominent subprime casualty, financial sources told Reuters on Wednesday. German Finance Minister Peer Steinbrueck told reporters earlier that the supervisory board of German state lender KfW [KFW.UL] had agreed early on Wednesday to a sale of IKB. Lone Star, KfW and RHJ -- another group reported to be in the running -- all declined to comment. (Reporting ...

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