JD.com Completes Voluntary Takeover Offer for CECONOMY
Story updates
12:03:19 PM UTC
SquawkNews
JD.COM - COMPLETES TAKEOVER OF CECONOMY, BUYS 59.8% FOR EUR 1.34 BLN
12:07:01 PM UTC
SquawkNews
By Matthias InverardiChinese e-commerce group JD.com HKEX:89618 will use the acquisition of Germany's Ceconomy XETR:CEC to become the leading online retail platform for electronics in Europe, an international executive told Reuters.The $2.5 billion deal, which was closed on Thursday, will help JD…
12:07:22 PM UTC
SquawkNews
JD.com completed its offer for 59.8% of CECONOMY for EUR 1,335M, making it a subsidiary whose results will be consolidated from Nov. 12, 2026. No prior-period comparison was provided.Material DetailsContext by AI AnalystThis is the closing of a previously announced takeover, moving JD.com's Europea…