Market Chatter: Berlin Probes JD.com's Bid for Ceconomy Over National Security Risks

MT Newswires Live
09/04

Berlin is reviewing whether JD.com's (HKG:9618) planned takeover of German electronics group Ceconomy poses a national security risk, The Standard reported Wednesday, citing Agence France-Presse.

The review, still in its early stages, will assess if the deal could affect Germany's or the European Union's public order and security, the report said.

The e-commerce giant said in July that it had signed an agreement to acquire Ceconomy, owner of MediaMarkt and Saturn, valuing the German group at 2.2 billion euros.

While the deal remains pending, Ceconomy's management has advised shareholders to approve the offer.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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