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Deutsche Boerse CEO denies insider trading allegations
JAY GORY, MANAGING EDITOR, business
Deutsche Boerse's chief executive said insider trading allegations against him would prove unfounded, pointing out that he did not determine the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exchange . Deutsche Boerse's supervisory board created a unique share purchase plan for CEO Carsten Kengeter that allowed him to invest 4.5 million euros ($4.8 million) in shares in the stock exchange operator at a price of 69 euros apiece in December 2015, he told a news conference on Thursday. German police and prosecutors this month searched Kengeter's office and apartment as they investigate whether secret merger talks with LSE were already under way at that time. read more
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