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IKB shares up 26% after state bail out

Shares in IKB, the stricken German bank, leapt 26% this morning after being thrown a €1.5bn ($2bn) lifeline by the German government in a shock move.

Shares soared to as much as €7.20 from €5.52 last night off the back off the rescue package put together by Michael Glos, Germany's minister for the economy.

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