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Lone Star hires advisors for sale of IKB - sources

Reuters - UK Focus

FRANKFURT, Jan 31 (Reuters) - Private equity investor Lone Star has hired Rothschild and Bank of America (TLO: BAC.TI - news) Merrill Lynch as advisors for the planned sale of German corporate bank IKB (Frankfurt: IKB.F - news) , two people familiar with the transaction said.

The sale of IKB, one of Germany's highest-profile casualties of the financial crisis, will likely be kicked off shortly, they said.

Lone Star, IKB, Rothschild and Bank of America Merrill Lynch declined to comment.