EU regulators to issue formal warning to JD.com over Ceconomy deal, sources say
EU regulators to issue formal warning to JD.com over Ceconomy deal, sources say BRUSSELS, July 22 (Reuters) - EU regulators will issue formal charges against Chinese e-commerce giant JD.com 9618.HK over its $2.5 billion bid for German electronics retailer Ceconomy CECG.DE, underlining their concerns of unfair subsidies, people familiar with the matter said.
The charges, known as a statement of grounds under the Foreign Subsidies Regulation, are similar to a statement of objections or charge sheet under EU merger rules where regulators outline specific concerns, which must be addressed by companies or risk a veto on the deal.
JD.com said the statement of grounds is a normal procedural step and that it continues to expect a positive conclusion of the process in the second half of 2026.
(Reporting by Foo Yun Chee; Editing by Joe Bavier)
((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net))