September 8, 2017 / 12:35 PM / in 2 months

Deutsche Boerse board seen backing insider trading deal: Manager Magazin

FRANKFURT (Reuters) - Deutsche Boerse’s (DB1Gn.DE) management board is expected to endorse in a meeting on Tuesday a settlement of an insider trading probe offered by prosecutors, Germany’s Manager Magazin reported on Friday, citing no sources.

Deutsche Boerse declined to comment on the report.

Frankfurt’s public prosecutor offered in July to drop an investigation into Chief Executive Carsten Kengeter over allegations of insider trading if Deutsche Boerse accepts two fines totaling 10.5 million euros ($12.7 million).

Reporting by Maria Sheahan; Additional reporting by Edward Taylor

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