Deutsche Boerse has paid €10.5m in fines for prosecutors to stop an investigation into both the its CEO Carsten Kengeter and the firm's alleged role in insider trading.
According to the Telegraph, the probe revolved around whether Kengeter bought shares in Deutsche Boerse while his company was in secret talks with the London Stock Exchange (LSE). Prosecutors launched the investigation at the start of the year, which involved raiding his home and office in February for evidence on whether his €4.5m purchases of Deutsche Boerse stock in December 2015 were "in the knowledge of previously unpublished contract negotiations". Deutsche Boerse and the LSE both said the merger talks began in January 2016 and produced statements in February confirming the star...
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