JD.com offers EU remedies in Ceconomy probe
Chinese e-commerce giant JD.com has submitted remedies to the European Union regarding its multibillion-dollar acquisition of German electronics retailer Ceconomy. The EU launched an antitrust investigation earlier this year under the Foreign Subsidies Regulation.
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JD.COM INC-CLASS A submitted remedy proposals to the European Union on Wednesday morning regarding its $2.5B acquisition of CECONOMY AG after regulators flagged market distortion risks. The filing marks a key pivot in an antitrust probe launched earlier this year under EU subsidy rules. Investors are tracking whether the concessions will satisfy European competition watchdogs scrutinizing foreign retail takeovers.
