IKB to offer new shares for 2.56 euros per share

FRANKFURT, July 26 (Reuters) - German bank IKB (IKBG.DE: Quote, Profile, Research, Stock Buzz) said it will offer new shares to shareholders for 2.56 euros ($4.02) a piece in a planned capital increase, supported by its main shareholder KfW.

IKB, Germany's highest profile casualty of the subprime crisis, said in a statement early on Saturday the offer period will run from July 29 to August 11.

KfW [KFW.UL], the German state development bank, is in talks with three potential buyers for its 45.5 percent stake in IKB and IKB has said KfW is taking the lead in the planned 1.25 billion euro capital increase for the bank.

But proceeds from the increase are no longer expected to arrive in August, IKB said, noting the transaction required European Union approval as possible state aid.

Brussels is supposed to make its ruling by October at the latest.

(Reporting by Nicola Leske, editing by David Christian-Edwards)