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EU regulator sends charge sheet to JD.com over Ceconomy deal

EU regulator sends charge sheet to JD.com over Ceconomy deal

- The European Commission on Wednesday outlined its objections to Chinese e-commerce giant JD.com 9618.HK over its acquisition of German electronics retailer Ceconomy CECG.DE as it stepped up its investigation into the deal.

"The issuing of a statement of grounds is a formal step in an investigation under the Foreign Subsidies Regulation where the Commission informs the companies concerned in writing of the objections raised against them," the EU executive said.

The EU charge sheet confirmed a Reuters story earlier on Wednesday.


(Reporting by Foo Yun Chee)

((foo.yunchee@thomsonreuters.com; +32 2 585 2866; Reuters Messaging: foo.yunchee.thomsonreuters.com@reuters.net))

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