JD.com secures a €2 billion transitional loan financing for the acquisition of European retailer CECONOMY
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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
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