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JD.com Completes Tender Offer for German Consumer Electronics Retailer Ceconomy, Acquiring 59.8% of Share Capital and Voting Rights for €1.335 Billion

Source: IT之家 Published: Business & Funding 中文 AcquisitionCeconomy
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JD.com announced today that it has completed its tender offer for German consumer electronics retailer Ceconomy, acquiring 59.8% of its share capital and voting rights for total consideration of €1.335 billion. With the completion of the acquisition, Ceconomy has become a subsidiary of JD.com. Together with the 25.3% stake retained by JD.com partner Convergenta, the acquisition brings the two parties' combined shareholding in Ceconomy to 85.2%. Ceconomy owns the MediaMarkt, Saturn and MediaWorld brands, selling mobile phones, computers and various home appliances. It operates more than 1,000 consumer electronics stores across 11 countries and regions, alongside its online retail business. The company has over 50,000 employees, more than 53 million members in 2025, and reaches 2.2 billion customer touchpoints annually. Under the established strategic roadmap, Ceconomy will continue to operate in Europe as an independent entity, maintain a locally independent technology architecture, and make no changes to its existing employee team, labor agreements or operating sites.

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Article title: JD.com Completes Acquisition Offer for German Consumer Electronics Retailer Ceconomy, Acquires 59.8% of Share Capital and Voting Rights for €1.335 Billion

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JD.com Completes Acquisition Offer for German Consumer Electronics Retailer Ceconomy, Acquires 59.8% of Share Capital and Voting Rights for €1.335 Billion

IT Home, November 12 - JD.com Group announced today that it has completed its acquisition offer for German consumer electronics retailer Ceconomy, acquiring 59.8% of Ceconomy's share capital and voting rights for a total consideration of €1.335 billion (IT Home note: approximately RMB 9.914 billion at current exchange rates). With the completion of this acquisition, Ceconomy has become a subsidiary of JD.com Group.

Together with the 25.3% stake retained by JD.com Group's partner Convergenta, this acquisition brings the two parties' combined shareholding in Ceconomy to 85.2%.

Ceconomy owns the MediaMarkt, Saturn, and MediaWorld brands, operating mobile phones, computers, and various home appliances. It operates over 1,000 consumer electronics physical stores across 11 countries and regions, while also conducting online retail operations. The company currently has over 50,000 employees, had more than 53 million members in 2025, and reaches 2.2 billion customer visits annually.

According to the established strategic roadmap, Ceconomy will continue to operate in Europe as an independent entity, maintain its locally independent technology architecture, and will not make any adjustments to the existing employee team, labor agreements, or operating locations.

  • "JD.com's Acquisition of German CECONOMY Receives Conditional Approval from European Commission, Transaction Imminent"

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