CECONOMY AG in Advanced Talks with JD.com for Potential Takeover

CECONOMY AG has confirmed that it is in advanced negotiations with JD.com concerning a possible public takeover. The Chinese e-commerce giant JD.com is contemplating a voluntary public takeover offer. This offer would consist of a cash deal for all bearer ordinary shares, with a price proposed at EUR 4.60 per share.

Currently, no legally binding agreements are in place, and it is uncertain whether JD.com will proceed with the takeover offer. The discussions come amid recent media speculation, but concrete outcomes remain undetermined.

This development follows Germany's regulatory framework under the German Securities Acquisition and Takeover Act. Stakeholders and market watchers are advised to remain cautious while observing how these discussions unfold. CECONOMY highlights potential risks and uncertainties regarding forward-looking statements related to this matter.