COLOGNE, Germany -- Deutsche Bank has agreed to take a 30% take in Gerling Konzern Versicherungs-Beteiligungs, the German company that controls the insurance company Gerling Konzern Allgemeine Versicherungs.

Gerling Konzern said the deal was subject to approval by foreign and domestic authorities, including the German Cartel Office. It said Gerling Konzern would remain principally in family ownership and would continue to operate independently.

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