JD.com completes acquisition of German retail group CECONOMY for 1.335 billion euros to acquire 59.8% stake
2026-11-12 20:09:01
According to CoinMeta, JD Group announced that it has completed a voluntary public tender offer for the German consumer electronics retail group CECONOMY AG, acquiring 59.8% of its share capital and voting rights for a total consideration of 1.335 billion euros. Following the completion of the transaction, CECONOMY has become a subsidiary of JD Group, and its financial results have been included in JD Group's consolidated financial statements since November 12, 2026. Together with the 25.3% stake retained by partner Convergenta, the combined holding percentage of both parties in CECONOMY reaches 85.2%. The tender offer price was 4.6 euros per share in cash.
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Source:Jin10 Data
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