Picture of Ceconomy AG logo

CEC — Ceconomy AG News Story

0.000.00%
de flag iconLast trade - 00:00
Consumer CyclicalsSpeculativeMid CapNeutral

Austrian government denies obstruction in Ceconomy deal

March 30 (Reuters) - Austria's economy ministry on Monday denied it was being obstructive in approving a deal between German electronics retailer Ceconomy CECG.DE and Chinese e-commerce company JD.com 9618.HK, insisting it was being cooperative.

The economy ministry said it had received an application about the deal, which was then withdrawn.

"Our authority is fully cooperative throughout the ongoing review process and is engaged in continuous discussions," a statement said.

 (Reporting by Matthias Inverardi; writing by Matthias Williams; editing by Miranda Murray)

 ((matthias.williams@thomsonreuters.com;))

Recent news on Ceconomy AG

See all news