JD.com set to win EU approval for Ceconomy deal, source says
4 Articles
4 Articles
According to an insider, the Chinese online giant JD.com can rely on the approval of the EU Commission for the acquisition of the Media Markt-Saturn mother Ceconomy after an in-depth examination and new concessions. The Commission approves this transaction, said this person on Friday. EU Commission, JD.com and Ceconomy did not want to comment on this. The final decision is to be taken by 4 November. The decision of the Austrian authorities is st…
JD.com appears to be closer to the acquisition of MediaMarkt and Saturn's mother Ceconomy: The EU Commission is probably facing a release of the 2.2 billion euro deal.
JD.com set to win EU approval for Ceconomy deal, source says
By Foo Yun Chee BRUSSELS, Oct 2 (Reuters) - Chinese e-commerce giant JD.com is set to secure European Union approval for its $2.5 billion bid for German electronics retailer Ceconomy after it tweaked its remedies to address regulators' concerns, a pe...
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