Ceconomy rises as JD.com launches takeover offer

Ceconomy AG

31/07/2025 07:59

** Ceconomy CECG.DE shares rise 3.1% in early Frankfurt trade, extending Wednesday's gains on nearly 7%, after China's JD.com 9618.HK launched a takeover offer for the German electronics retailer

** The deal values the company at 2.2 billion euros ($2.52 billion), 4.60 euros per share

** Ceconomy CEO Kai-Ulrich Deissner told Reuters on Wednesday the deal would likely be completed in the first half of next year

** "We expect that this deal goes through as JD.com has already secured 32% of Ceconomy’s shares and the support of the Ceconomy management," Baader Helvea writes

** Ceconomy tops Germany's small-caps index in early Frankfurt trade

($1 = 0.8736 euros)

 (Reporting by Tristan Veyet)

 ((Tristan.chabba@thomsonreuters.com))