Carsten Kengeter, the chief executive of Deutsche Börse, is being investigated by German authorities over a share purchase he conducted shortly before the company announced a merger deal with the London Stock Exchange Group (LSE).
Kengeter bought shares worth about €4.5m (£3.8m) on 14 December 2015, two months before the German stock exchange operator and LSE announced a £21bn deal, which saw the former’s share price rocket.
A Deutsche Börse spokesman told AFP that while Kengeter had “always been transparent” about his share purchase, the investigators were “studying if there is a possible suspicion of insider dealing”.
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