✉news WorldEU Politics first seen 6 h ago, last 1 h ago, peak #8
JD.com nears EU approval for Ceconomy acquisition
Original: JD.com set to win EU approval for Ceconomy deal, source says
Chinese e-commerce giant JD.com is set to receive European Union approval for its acquisition of German consumer electronics retailer Ceconomy, according to a source cited by Reuters. The clearance would mark a significant step in JD.com's expansion into the European retail market, giving it control of the operator of MediaMarkt and Saturn stores across the region.
Why now: The EU's expected clearance of a major Chinese takeover of a leading European electronics retailer is a notable cross-border deal with political and market significance.
JD.comCeconomyEuropean UnionMediaMarktSaturn
Evidence
- JD.com set to win EU approval for Ceconomy deal, source says · Reuters
- JD.com set to win EU approval for Ceconomy deal, source says · WTVB
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