1 Min Read
FRANKFURT, Dec 14 (Reuters) - Deutsche Bank and German retail heiress Madeleine Schickedanz have agreed to settle a legal dispute, Germany's flagship carrier said on Wednesday.
"If the conditions set out by the agreement are fulfilled, then the legal dispute can be ended amicably, completely and for good," a spokesman for Deutsche Bank said in an e-mailed statement, declining to provide details of the settlement.
Schickedanz had sought 1.9 billion euros ($2 billion) in a damages suit that involved bank Sal. Oppenheim, which is now part of Deutsche Bank.
A person familiar with the matter told Reuters on Wednesday that the settlement with Deutsche Bank was worth less than 100 million euros.
$1 = 0.9385 euros Reporting by Arno Schuetze; Writing by Maria Sheahan; Editing by Maria Sheahan and Christoph Steitz