JD.com acquires 59.8% of major German consumer electronics retailer for over €1.3 billion; EU grants conditional approval

JD.com expanded its investment in major German consumer electronics retailer CECONOMY, acquiring 59.8% of its share capital and voting rights through an indirect subsidiary. The transaction, worth more than €1.3 billion, included the completion of a voluntary public takeover offer, and the EU granted conditional approval.

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The story

JD.com completed a voluntary public takeover offer to acquire a total of 59.8% of CECONOMY's share capital and voting rights.

The total transaction value exceeded €1.3 billion, with the acquisition carried out through an indirect subsidiary.

The European Union reportedly granted conditional approval for the transaction.

At a glance

Transaction partyJD.com acquires 59.8% of CECONOMY's share capital and voting rights

AmountTotal value exceeds €1.3 billion

Completion dateCompleted on 12 November

NatureVoluntary public takeover offer completed

RegulationEU grants conditional approval

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