✉news WorldEU Politics first seen 16 h ago, last 25 min ago, peak #8
JD.com set to win EU approval for Ceconomy deal
Original: JD.com set to win EU approval for Ceconomy deal, source says
Chinese e-commerce group JD.com is expected to receive European Union antitrust approval for its acquisition of German electronics retailer Ceconomy, according to a source cited by Reuters. The clearance would remove a key regulatory hurdle for the deal, giving the Chinese company a major foothold in Europe's consumer electronics retail market.
Why now: The reported EU clearance is a significant step in a high-profile cross-border retail acquisition under scrutiny by regulators.
Evidence
- JD.com set to win EU approval for Ceconomy deal, source says · Reuters
- JD.com set to win EU approval for Ceconomy deal, source says · WTVB
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