EU e-commerce has previously reported that JD.COM’s business in Europe has expanded to 19 countries, and according to the latest news, the pace of the group’s March into Europe is still accelerating. According to the German magazine “Manager Magazin”, it is reported that JD.COM is interested in acquiring relevant shares of Ceconomy Group, the parent company of MediaMark and Saturn. JD.COM is likely to become a major shareholder, which led to a significant increase in the share price of the largest German consumer electronics retail group, which soared by nearly 16% last Wednesday.
According to the magazine, JD.COM has been in talks with shareholders of Ceconomy such as Haniel and Meridian. At present, Haniel holds 16.7% shares of CEconomy and Meridian holds 11.1% shares. It is reported that Haniel will not object to the sale of its shares, but at present he refuses to comment on this matter.
In addition, JD.COM is negotiating with Beisheim and Schmidt-Ruthenbeck. According to the information, the three people hold less than one-third of the shares of Ceconomy, another 29% is held by Erich Kellerhals, co-founder of Mediamarkt, 6.7% is held by Freenet, and the rest are scattered shares.
So far, Freenet, a mobile phone provider, is the only major shareholder who has commented on the rumor: “JD.COM didn’t ask about our shareholding.” If JD.COM buys the shares of Haniel, Beisheim and Schmidt-Ruthebeck, then it is a very feasible choice to completely acquire Ceconomy.
Post time: Nov-22-2023