JD.com set to win EU approval for Ceconomy deal
Tweaked concessions pave the way for the $2.5 billion retail transaction.
Chinese e-commerce group JD.com is set to secure European Commission antitrust clearance for its takeover of European electronics retailer Ceconomy, according to a person familiar with the matter reported by Reuters on October 2, 2026. The expected approval comes after JD.com adjusted its remedy commitments to address regulatory concerns.
The transaction carries an estimated valuation of $2.5 billion, corresponding to an original equity valuation of 2.2 billion euros. Under the proposed cash offer, JD.com offered 4.60 euros per Ceconomy share to take control of the business.
The acquisition provides JD.com with direct access to a major European physical presence. Ceconomy operates 1,000 consumer electronics stores across Europe and employs a total workforce of 50,000 people.
Core selling shareholders representing a combined 27.9% equity stake had previously committed to tender their shares into the offer. The founding family is slated to retain an anchor equity stake of 25.35%.
Share prices can rise and fall. Past performance does not guarantee future results. This article is news, not investment advice.
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