JD.com Initiates Takeover Offer for CECONOMY AG

JD.com, through its subsidiary Jingdong Holding Germany GmbH, has launched a voluntary public takeover offer for CECONOMY AG. Approved by BaFin, the offer allows shareholders to sell their shares at EUR 4.60 each, representing a 42.6% premium on the three-month average share price as of July 23, 2025. This period lasts from September 1 to November 10, 2025.

The offer aims to acquire all outstanding shares of CECONOMY, without a minimum acceptance threshold, and anticipates a delisting post-acceptance. JD.com has secured commitments covering 31.7% of CECONOMY's total share capital, bolstered by Convergenta's stake, totaling a 57.1% shareholding.

CECONOMY’s boards endorse the offer, viewing it as beneficial for the company's stakeholders. The transaction is subject to regulatory approvals, with an expected closure in the first half of 2026.