As its meeting as at 20 August 2008 the Executive Committee of the Board of Supervisory Directors of KfW Bankengruppe decided to recommend to the Board of Supervisory Directors to sell KfW's shares in IKB to Lone Star.
Wolfgang Kroh, Speaker of the Managing Board of KfW Bankengruppe, together with Bruno Scherrer, Head of European Investment at Lone Star, Dr Karsten von Köller, Chairman of Lone Star Germany, and Dr Günther Bräunig, CEO of IKB, announced the transaction at a press conference held as at 21 August 2008.
We have compiled the documentation from the press conference for you in our press portfolio.
Press Release "Lone Star wins bidding for IKB" (PDF, 49 KB, non-accessible)
Presentation Lone Star Funds "IKB - Press Conference 21 August 2008" (PDF, 136 KB, non-accessible)