JD.com Unit to Buy Ceconomy

Dow Jones
2025/07/31

By Kelly Cloonan

A unit of JD.com has offered to take over electronics retailer Ceconomy in a bid that values the German group at about $2.63 billion.

JD.com said Wednesday it has offered to acquire all issued and outstanding shares of the company for a cash offer of 4.60 euros each. The bid would value Ceconomy at 2.23 billion euros ($2.63 billion).

JD.com said its subsidiary has signed an investment agreement with Ceconomy regarding the takeover offer, which would give Ceconomy's largest shareholder group a 25% stake after the close of the transaction, down from 29%.

The Beijing-based online retailer's Chief Executive Sandy Xu said the company aims to apply its technology capabilities to accelerate Ceconomy's ongoing transformation and grow its platform across Europe.

"CECONOMY's market-leading position, strong customer relationships and growth are impressive, and we are firmly committed to investing in its people and distinct culture to build on this success," Xu said.

Ceconomy previously announced the potential takeover offer last week.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

 

(END) Dow Jones Newswires

July 30, 2025 17:39 ET (21:39 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10