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Deutsche Boerse seeks to close insider trading case by paying fine

Reuters  |  BERLIN 

BERLIN (Reuters) - Deutsche Boerse said it has agreed to pay hefty fines for its role in allowing its chief executive to make share purchases which became the subject of insider trading allegations, hoping to draw a line under the case. Deutsche Boerse CEO Carsten Kengeter made the share purchases shortly before the announcement of formal merger talks with London Stock Exchange and a subsequent sharp rise in Deutsche Boerse's share price.In July, the German exchange operator said that the Frankfurt prosecutor had offered a deal to settle the case for fines totalling 10.5 million euros ($12.5 ...

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First Published: Thu, September 14 2017. 11:37 IST