EU approval for JD.com–Ceconomy deal comes with conditions
Business · First reported 3 Nov, 10:47 · Updated 11:31
The European Commission approved JD.com’s $2.5 billion acquisition of German electronics retailer Ceconomy, subject to remedies offered by JD.com. The Commission had examined the deal under the Foreign Subsidies Regulation.
- The European Commission approved JD.com’s $2.5 billion acquisition of Ceconomy, subject to compliance with offered remedies.
- The Commission examined the deal under the Foreign Subsidies Regulation, including whether Chinese government support may have helped JD.com offer a higher price.
- A second report also said the acquisition received EU approval and would be subject to conditions.
Summary written by Lux AI from 2 articles
Key facts
- Buyer
- JD.com
- Target
- Ceconomy, a German electronics retailer
- Deal value
- $2.5 billion
- Decision
- European Commission approval, subject to offered remedies
- Review
- Foreign Subsidies Regulation
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