UPDATE 1-Lone Star to get 90.8 pct of stricken bank IKB

Newswire

(Adds details, share price indication) FRANKFURT, Aug 21 (Reuters) - U.S. private equity group Lone Star [LS.UL] is to take a 90.8 percent stake in lender IKB , Germany's most prominent casualty of the subprime crisis. German state bank KfW [KFW.UL], which had bailed out IKB, made the announcement in an invitation to a news conference to be held later on Thursday. Financial sources told Reuters late on Wednesday that Lone Star had been chosen as the buyer by KfW's supervisory board. ...

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