Deutsche Boerse CEO faces insider trading probe

London

GERMAN authorities raided Deutsche Boerse chief executive officer Carsten Kengeter's home and office as they investigate his purchase of company stock just months before the exchange announced talks to acquire London Stock Exchange Group plc.

Frankfurt prosecutors are looking into Mr Kengeter's purchase of the German exchange's shares on Dec 14, 2015, according to a statement from the market operator. It emerged on Feb 23, 2016, that takeover discussions with LSE were under way. Deutsche Boerse's shares rallied 6.7 per cent between those two dates.