JD.com, Inc. announced a voluntary public takeover offer to acquire all shares of CECONOMY AG for €4.60 per share. The agreement includes a partnership with CECONOMY’s largest shareholder group, Convergenta, who will hold 25.35% of the shares post-acquisition. JD.com plans to strengthen CECONOMY’s position in the European consumer electronics market through advanced technology and logistics capabilities. The takeover offer is subject to customary conditions and is expected to close in the first half of 2026. CECONOMY’s Supervisory Board and Management Board fully support the public takeover offer.
CECONOMY, a European retail leader in consumer electronics, operates MediaMarkt and Saturn across 11 countries with over 1,000 retail stores and a strong e-commerce presence. The strategic partnership with JD.com aims to accelerate CECONOMY’s growth and transformation into Europe’s leading omni-channel consumer electronics platform. JD.com CEO Sandy Xu expressed confidence in the management team and commitment to investing in CECONOMY’s success. CECONOMY CEO Dr. Kai-Ulrich Deissner highlighted the partnership’s potential to drive continued leadership in European retail.
The partnership between JD.com and CECONOMY is seen as a strategic move to enhance the growth trajectory of CECONOMY and align with evolving customer expectations. Jürgen Kellerhals of Convergenta, an anchor shareholder, expressed confidence in the strategic investment agreement and takeover offer as a means to accelerate CECONOMY’s growth phase with JD.com’s technological expertise. The public takeover offer is not subject to a minimum acceptance rate and will be financed through a combination of an acquisition loan and JD.com’s cash reserves.
Investors and holders of CECONOMY shares are advised to read the Offer Document and related information to make informed decisions. The detailed terms of the takeover offer will be published following approval by the German Federal Financial Supervisory Authority. JD.com’s forward-looking statements emphasize the commitment to driving innovation and productivity across various industries through Retail as a Service offering. The company’s growth strategies, business development, and market acceptance are key focus areas for future success.
Read more at GlobeNewswire: JD.com Announces Decision to Make a Voluntary Public