JD Group: Plans to acquire CECONOMY AG at 4.6 euros per share

JD.com announced that through its wholly-owned indirect subsidiary JINGDONG Holding Germany GmbH, it has issued an offer document proposing a voluntary public takeover offer to all shareholders of the European consumer electronics retailer CECONOMY AG at a cash price of 4.6 euros per share. The takeover offer is subject to several conditions precedent, including antitrust clearance, foreign investment approval, and EU foreign subsidy approval. The funding will be arranged through a combination of merger and acquisition loans and the company's existing cash. The acceptance period will run from September 1, 2025, to 6:00 p.m. on November 10, 2025, and may be extended.