JD.com is reported to be in discussions with the French Ministry of Economy regarding the potential acquisition of equity in Fnac Darty

According to foreign media reports, JD.com (JD.US)(09618.HK) previously proposed to acquire German Ceconomy for €2.2 billion. If the acquisition is approved, it means that JD.com will obtain a 22% stake in the French e-commerce company Fnac Darty through the acquisition, which has attracted the attention of the French Ministry of Economy.

The report cites sources indicating that JD.com's leadership has held meetings with officials from the French Ministry of Economy, emphasizing the company's intention to fully comply with French regulations and that there are no plans to further increase its stake in Fnac Darty. French Minister of Economy Roland Lescure also confirmed that discussions are ongoing. JD.com has also requested the authorities to review the transaction in accordance with French investment review regulations, and the authorities have 1 to 3 months to consider it.

The French e-commerce platform Fnac Darty primarily sells electronic products, books, and home appliances, operating mainly in France, with business extending to Spain, Portugal, Belgium, Switzerland, Luxembourg, and several African and Middle Eastern countries. Czech billionaire Daniel Kretinsky, through his Vesa Equity Investment, holds approximately 28.3% of Fnac Darty's shares, making him the largest single shareholder