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Ceconomy shareholder talks on takeover by JD.com on home stretch, sources say
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Ceconomy shareholder talks on takeover by JD.com on home stretch, sources say
Jul 30, 2025 9:29 AM

DUESSELDORF, Germany, July 30 (Reuters) - Talks between

the shareholders of German electronics retailer Ceconomy

over a potential takeover by China's JD.com ( JD )

are on the home stretch, four sources told Reuters, with an

announcement possible on Wednesday evening.

A JD.com ( JD ) spokesperson declined to comment. Ceconomy could

not be reached for comment.

Ceconomy last week confirmed it was in advanced negotiations

over a potential takeover at 4.60 euros per share, which would

value a deal at around 2.2 billion euros ($2.53 billion).

However, the retailer, which owns electronics chains

MediaMarkt and Saturn, said no legally binding agreements had

been signed and it was not certain whether a takeover offer

would happen.

The talks could still fail at the last minute due to demands

from Ceconomy's owners, the sources said.

"It's not quite finalised yet," said one source, adding that

the Ceconomy supervisory board could meet later on Wednesday.

A spokesperson for a major Ceconomy shareholder, the

Kellerhals family, declined to comment.

The MediaMarkt and Saturn brands would give JD.com ( JD ) access to

one of the largest online shops for electronic goods in Europe

and a network of around 1,000 stores in several European

countries. Around 50,000 people work at the two chains.

Ceconomy had annual sales of 22.4 billion euros in its

2023/24 financial year, of which 5.1 billion euros were online.

JD.com ( JD ), which competes with Alibaba ( BABA ) and Amazon ( AMZN )

, had looked at an acquisition of British electronics

retailer Currys ( DSITF ) last year.

Fitch Ratings on Wednesday said the takeover could bolster

Ceconomy's credit profile, by leveraging the latter's stronger

credit profile and global reach.

($1 = 0.8708 euros)

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