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German bank IKB sold for 150 million euros: reports (AFP)

August 26th, 2008 · Permalink



German bank IKB, a casualty of the subprime mortgage crisis, was sold to US private equity group Lone Star for 150 million euros, German media reported Saturday.(AFP/File/Barbara Sax)AFP - German bank IKB, a casualty of the subprime mortgage crisis, was sold to US private equity group Lone Star for 150 million euros, German media reported Saturday.


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Tags: banking