JD.com to Acquire European Retailer CECONOMY in $2.B Takeover Bid
The Bidder and CECONOMY have signed an investment agreement related to the takeover offer and their future cooperation. The Bidder also has agreements with several CECONOMY shareholders, who have irrevocably committed to accept the offer for a total of 31.7% of the shares. This includes a 3.81% stake from CECONOMY's largest shareholder group, Convergenta Invest GmbH.
A wide and imposing view of a supply chain distribution center, illustrating the company's technology capabilities.
Post-takeover, Convergenta will hold 25.35% of the CECONOMY shares. This secures a combined shareholding of 57.1% for JD.com's future partners and the company itself before the offer's launch. CECONOMY's Supervisory Board and Management Board are in full support of the takeover. JD.com plans to contribute its advanced technology, e-commerce expertise, and logistics capabilities to strengthen CECONOMY's business, which currently operates over 1,000 retail stores in 11 countries.
JD.com Inc. (NASDAQ:JD) is a supply chain-based technology and service provider in the People's Republic of China. It operates through three segments: JD Retail, JD Logistics, and New Businesses.
While we acknowledge the potential of JD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the .
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Disclosure: None. This article is originally published at Insider Monkey.
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