25-07-2025
- Business
- South China Morning Post
JD.com eyes US$2.6 billion takeover of Germany's Ceconomy to boost European presence
Chinese e-commerce firm is in advanced talks to acquire Ceconomy in a deal that could value the German electronics retailer at about €2.2 billion (US$2.6 billion).
is considering an offer of €4.60 in cash for each Ceconomy share, according to Ceconomy's statement on Thursday. The potential offer price represents a 23 per cent premium to the company's closing price of €3.75 on Wednesday.
No binding agreements had been signed so far and it was not certain a takeover offer would be made, the statement said.
had been in discussions with the major shareholders of Ceconomy and any formal offer would hinge on their support, people familiar with the matter have said. Some big shareholders were hesitant to sign irrevocable agreements to tender their shares to which could potentially derail the deal, some of the people said.
Shares of Ceconomy extended gains to as much as 15.5 per cent and touched their highest intraday level since November 2021 after the company statement on Thursday. Bloomberg News first reported in February that had revived its interest in acquiring the Frankfurt-listed company.
The potential offer would exceed the €4.17 entry price for Ceconomy's largest shareholder, while founding family shareholders of Metro got their Ceconomy shares from its demerger, Bloomberg Intelligence analysts Tatiana Lisitsina and Darja Lema wrote in a note.
