Deutsche Bank to review Kirch settlement - source
FRANKFURT Feb 19 (Reuters) - Deutsche Bank took a decisive step toward reaching a settlement with the heirs of late media mogul Leo Kirch on Wednesday after the top committee on the bank's supervisory board prepared to discuss a plan to reach a deal out of court, a source told Reuters on Wednesday.
The proposed settlement, which has been mostly concluded with Kirch representatives, would cost Deutsche Bank between 800 million euros ($1.10 billion)and 1 billion euros, the source said.
"A settlement is largely negotiated," said the source.
Deutsche Bank and a spokesman of the Kirch family declined to comment.
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