With increasing sales, the German Ceconomy, parent company of the electronics markets MediaMarkt and Saturn, heads for the takeover by the Chinese online company JD.com. “We come from a position of strength. This makes us an attractive partner for jd.com,” said Ceconomy boss Kai-Ulrich Deissner on Tuesday when presenting the figures for the third quarter.
As reported, the Chinese take over the German group. The transaction is scheduled to take place in the first half of 2026, then Ceconomy also disappears from the stock exchange. Until then, the approval of the antitrust authorities is expected. The major shareholders of Ceconomy have already promised the Chinese around 57 percent of the shares. MediaMarkt has more than 50 locations in Austria.
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Source: Nachrichten
