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German bourse to pay US$12.5m fines in bid to end insider-trading case

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The insider trading investigation has drawn criticism from shareholders and made the board reluctant to extend CEO Carsten Kengeter's contract.

Berlin

DEUTSCHE Boerse has agreed to pay fines totalling US$12.5 million in a bid to draw a line under allegations of insider trading over share purchases by its chief executive officer Carsten Kengeter.

But the exchange operator left a question mark hanging over its leadership,

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