German
prosecutors said on Thursday their investigation of Deutsche Boerse Chief
Executive Carsten Kengeter for suspected insider trading related to talks held
between the group's management and the London Stock Exchange between
July/August and December 2015.
Prosecutors
searched offices at Deutsche Boerse's headquarters in Eschborn near Frankfurt
on Wednesday in connection with a €4.5 million ($4.85 million) purchase of
Deutsche Boerse shares by Kengeter in December 2015, just over two months
before Boerse and LSE announced merger talks.
The
Frankfurt prosecutor's office said in a statement that the search was meant to
help clear up the course of talks up to February 23, 2016, when the two
companies confirmed they were in negotiations for a merger.
London Stock
Exchange Group and Deutsche Boerse confirmed plans for a £20 billion merger
last March.
(Business
Insider)
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