JD.com Wins EU Approval for Ceconomy Deal
Chinese e-commerce giant JD.com secured conditional European Union approval for its 2.5 billion dollar acquisition of German electronics retailer Ceconomy. The company aims to close the transaction by November 12 to expand its footprint in the European market.
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JD.COM INC-CLASS A secured conditional approval from European Union regulators for its $2.5B acquisition of Germany electronics retailer CECONOMY AG on Tuesday.
