Market Chatter: JD.com Secures German Regulatory Approval for Ceconomy Acquisition

MT Newswires Live

Jul 01

China's JD.com (HKG:9618) secured German regulatory approval to acquire electronics group Ceconomy, the South China Morning Post reported Tuesday, citing a government spokesman.

Berlin was previously reviewing whether JD.com's planned takeover of the German electronics group posed a national security risk, the report said.

The takeover was approved under certain conditions, including that JD.com ensure personal data of Ceconomy's customers in Germany remained protected, the report said, citing Germany's Federal Ministry for Economic Affairs and Energy.

JD.com did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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