Former FC Barcelona star Gerard Pique fined for insider trading
Former FC Barcelona and Spain star Gerard Pique has been fined €200,000 for insider trading. On Monday, the National Securities Market Commission (CNMV), Spain’s market regulator, announced that the 2010 World Cup winner was punished after buying shares in a health and safety company two days before it was revealed to be a takeover target. The regulator said it was a “very serious offence”. According to the regulator, Pique purchased 104,166 shares of Aspy Global Services, a workplace health and safety firm, on 20 January 2021. The purchase followed a tip from a businessman that Atrys Health was in negotiations to acquire the company. Two days later, the acquisition talks were made public. By 26 January, Atrys had officially launched a €223million bid for Aspy, resulting in a stock price surge of nearly 20 percent. The regulator did not reveal how much Pique made from the insider trading. The CNMV identified Francisco Jose Elias Nava...