The parent company of crisis-hit IKB Deutsche Industriebank was forced to bail out the lender again yesterday by buying 99% of a 265.3 million share sale, as analysts predict that the government's chance of agreeing an acceptable sale of the bank is dwindling.
Germany state development bank KfW yesterday bought 264.2 million of the 265.3 million shares put up for sale by IKB to raise extra â¬1.25bn in capital for the troubled bank, following minimal interest from investors.
