Browsing Tag
Saturn
2 posts
JD.com nears EU clearance for €2.2bn Ceconomy deal after subsidy remedies
JD.com is reportedly set to secure European Union approval for its €2.2 billion acquisition of Ceconomy after revising commitments designed to address concerns over possible distortive Chinese subsidies, potentially clearing a major obstacle to one of China’s largest recent European retail acquisitions.
EU opens deeper probe into JD.com’s CECONOMY deal as Chinese M&A faces tougher subsidy scrutiny
JD.com wants European retail scale. Brussels wants proof the CECONOMY deal is not subsidy-backed. The October decision now matters.