--- title: "JD.com secures a €2 billion transitional loan financing for the acquisition of European retailer CECONOMY" type: "News" locale: "en" url: "https://longbridge.com/en/news/283281649.md" description: "JD.com has secured a €2 billion transitional loan financing for the acquisition of European retailer CECONOMY. Founded in 1979, CECONOMY is a leader in consumer electronics retail in Europe, with major brands including MediaMarkt and Saturn. JD.com plans to make a voluntary public offer to all CECONOMY shareholders at a cash consideration of €4.60 per share and has signed relevant agreements with CECONOMY and its largest shareholder Convergenta. It is expected that after the additional acceptance period for the acquisition offer ends on November 27, 2025, JD.com will acquire 59.8% of CECONOMY's equity and voting rights" datetime: "2026-04-20T02:10:51.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/283281649.md) - [en](https://longbridge.com/en/news/283281649.md) - [zh-HK](https://longbridge.com/zh-HK/news/283281649.md) --- # JD.com secures a €2 billion transitional loan financing for the acquisition of European retailer CECONOMY Leidi Network, April 20 According to JD's annual report, JD has secured a €2 billion transitional loan financing for the acquisition of European retailer CECONOMY. CECONOMY AG ("CECONOMY") (XETRA: CEC) was established in Germany in 1979 and has been listed on the Frankfurt Stock Exchange since 2017. It is a leader in the European consumer electronics retail sector. CECONOMY AG's main brands, MediaMarkt and Saturn, operate an omnichannel retail business, combining e-commerce with over 1,000 retail stores across 11 countries. On July 30, 2025, JD decided to make a voluntary public offer to all shareholders of CECONOMY to acquire all issued and outstanding bearer shares of CECONOMY ("CECONOMY Shares") at a cash consideration of €4.60 per share ("Offer"). JD has also signed an investment agreement with CECONOMY regarding the offer and intended cooperation after the completion of the offer. JD entered into a shareholder agreement with the largest shareholder group of CECONOMY (composed of Convergenta Invest GmbH and related shareholders, collectively referred to as "Convergenta"), which is contingent upon the completion of the offer. As a result, after the completion of the offer, Convergenta will hold 25.35% of CECONOMY's shares, irrevocably committing to accept the offer, reducing its current stake in CECONOMY from 29.16% to 3.81%. JD has also entered into agreements with several shareholders of CECONOMY, whereby these shareholders have irrevocably committed to accept the offer for a total of 31.7% of CECONOMY shares (including the 3.81% from Convergenta). On September 1, 2025, JD issued the offer to all shareholders of CECONOMY. After the additional acceptance period for the offer ended on November 27, 2025, JD acquired 59.8% of CECONOMY's equity and voting rights, with a consideration of €1.3 billion. This resulted in CECONOMY's total equity being 85.2%, along with the retained equity of JD.com's future partner Convergenta. To fund the offer, JD has established a €2 billion transitional loan financing for the escrow period and cash confirmation purposes, which includes €1.2 billion in Financing A and €800 million in Financing B The completion of the transaction is still subject to customary regulatory approvals, including merger control, foreign direct investment, and foreign subsidy approvals. After the transaction closes, JD expects to incorporate CECONOMY's financial performance into JD's consolidated financial statements ### Related Stocks - [KJD.US](https://longbridge.com/en/quote/KJD.US.md) - [ONLN.US](https://longbridge.com/en/quote/ONLN.US.md) - [09618.HK](https://longbridge.com/en/quote/09618.HK.md) - [JD.US](https://longbridge.com/en/quote/JD.US.md) - [89618.HK](https://longbridge.com/en/quote/89618.HK.md) ## Related News & Research - [Etsy (ETSY) Investors Set for 'Capital Returns' Following Q1 Results, Says Leading Analyst](https://longbridge.com/en/news/284786600.md) - [EBay forecasts second-quarter revenue above estimates](https://longbridge.com/en/news/284635176.md) - [Banuba Updates its AI Try-On Platform with Easier Digitization & Better Performance](https://longbridge.com/en/news/284438031.md) - [Research Alert: CFRA Reduces Opinion On Shares Of Ebay Inc. To Sell From Hold](https://longbridge.com/en/news/284411195.md) - [Wayfair Q1 revenue beats estimates on higher order value](https://longbridge.com/en/news/284758013.md)