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JD-SW In Talks to Acquire Electronics Retailer Ceconomy for EUR2.2B
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JD-SW (09618.HK) (JD.US) is in advanced negotiations to acquire German electronics retailer Ceconomy, valuing the latter at approximately EUR2.2 billion, foreign media reported.

Ceconomy issued a statement saying JD.com is considering acquiring Ceconomy shares at EUR4.6 per share in cash, representing a 23% premium over the company's closing price of EUR3.75 on Wednesday (23rd).

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At this juncture, no binding agreement has been signed between the two parties, and it is uncertain whether JD.com will make a takeover offer.
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