JD.com Gets Conditional EU Approval for CECONOMY Acquisition
Story updates
11:22:11 AM UTC
SquawkNews
By Inti Landauro and Foo Yun CheeChinese e-commerce giant JD.com HKEX:89618 said it secured conditional EU approval on Tuesday for its $2.5 billion acquisition of German electronics retailer Ceconomy XETR:CEC, and aims to close the deal by November 12.The acquisition will help one of China's larges…