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IKB-BANK

The Wire

IKB Seeking Approval for Stock Sale

Feb 17 - By Matt Moore, Associated Press Writer

IKB Deutsche Industriebank AG, wracked by losses from the U.S. subprime mortgage crisis, will sell 1.5 billion euros ($2.2 billion) in shares as part of a government-sponsored bailout, provided its shareholders agree to the move.

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