Market Chatter: JD.com Nears EU Approval for $2.5 Billion Ceconomy Acquisition

MT Newswires Live

Oct 05

JD.com (HKG:9618) is on track to secure EU approval for its $2.5 billion acquisition of German electronics retailer Ceconomy after revising its offer to address regulatory concerns, Reuters reported, citing a person familiar with the matter.

The European Commission is examining whether JD.com benefited from Chinese government financing, tax incentives or grants that helped support its bid, according to the report.

The company has improved its proposed remedies following feedback from customers and rivals, the person said. The EU is due to decide on the deal by Nov. 4, the report added.

JD.com, Ceconomy, and the EU did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The EU is due to decide on the deal by Nov. 4, the report added.</p><p>JD.com, Ceconomy, and the EU did not immediately respond to MT Newswires' request for comment.</p><p>(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2257852520.SGD","symbol_name":"JPMorgan Funds - Asia Growth A (acc) SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2673717007","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2673717007","pubTimestamp":1791166816,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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