Published by Global Banking & Finance Review®
Posted on July 31, 2025
1 min readLast updated: January 22, 2026
Add as preferred source on GoogleCeconomy CEO anticipates EU review of JD.com's €2.2 billion acquisition, aiming for faster growth and tech access.
DUESSELDORF (Reuters) -Ceconomy expects EU competition authorities to examine JD.com's plans to take it over, said the German company's CEO, Kai-Ulrich Deissner, on Thursday.
Given the size of the transaction, the plans are expected to fall under the purview of Brussels rather than Germany's federal cartel office, added Deissner in a conference call.
With its Chinese partner, Ceconomy will be able to grow faster and gain access to leading technologies, he added.
JD.com is acquiring Germany's Ceconomy in a deal that values the electronics retailer at 2.2 billion euros ($2.5 billion), allowing one of China's largest online retailers to expand outside of its home market.
(Reporting by Matthias Inverardi, Writing by Miranda Murray; editing by Matthias Williams)
A merger is a business combination where two companies join to form a single entity, often to enhance competitiveness, market share, or operational efficiency.
A takeover occurs when one company acquires control over another company, typically by purchasing a majority of its shares.
Access to technology refers to the ability of individuals or companies to obtain and utilize technological resources and innovations to enhance productivity and efficiency.
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