JD.com is preparing improved remedies as it tries to address European Union concerns over its planned €2.2 billion, or about $2.6 billion, acquisition of Ceconomy AG, Bloomberg reported on Sept. 11. Ceconomy is the EU’s largest consumer electronics retailer. People familiar with the matter said JD.com has been meeting with regulators reviewing the transaction under the EU Foreign Subsidies Regulation and is working to adjust its earlier concessions. The effort is aimed at preserving the competitiveness of the company’s logistics and technology operations. The people asked not to be identified.
JD.com is preparing improved remedies to ease European Union concerns over its planned €2.2 billion, or about $2.6 billion, acquisition of Ceconomy AG, Bloomberg reported on Sept. 11.
Ceconomy is the EU’s largest consumer electronics retailer. People familiar with the matter said JD.com has been meeting with regulators reviewing the transaction under the EU Foreign Subsidies Regulation and is working to revise its earlier concessions, with the aim of preserving the competitiveness of its logistics and technology businesses. The people asked not to be identified.
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