JD to Acquire Ceconomy and Take Company Private by 2026
JD.com is set to become a strategic investor in Ceconomy AG through a public takeover, with plans to take the European consumer electronics retailer private around the first half of 2026. Following the transaction, Ceconomy will remain independently run for at least five years, maintaining its own strategy, brands, headquarters, and workforce. Convergenta, the founder family shareholder, will retain an approximately 25.4% stake. JD.com has committed to a five-year strategic cooperation plan and will not enter into a domination or profit and loss transfer agreement for at least three years after completion. The transaction remains subject to regulatory approvals.
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