JD.com completed the acquisition of 59.8% of CECONOMY’s share capital and voting rights on November 12, 2026, for total consideration of EUR 1.335 billion, or EUR 4.60 in cash per share. The transaction was carried out through its German subsidiary JINGDONG HOLDING GERMANY GMBH after receiving merger control, foreign investment and EU foreign subsidies clearances. CECONOMY becomes a JD.com subsidiary, and its results will be consolidated into the group’s financial statements starting November 12, 2026. Together with Convergenta, which retains a 25.3% stake, JD.com now holds 85.2% of the German retailer. CECONOMY operates more than 1,000 stores across 11 markets under the MediaMarkt, Saturn and MediaWorld brands, employs more than 50,000 people and is expected to retain its stand-alone structure, independent technology stack, workforce and locations in the immediate term.
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