Overview

• Jingdong Holding Germany GmbH filed a voluntary cash offer of €4.60 per Ceconomy share, valuing the Düsseldorf-based retailer at about €4 billion, roughly 43% above its three-month average price.
• Shareholder agreements covering 31.7% of Ceconomy stock—including 3.81% from Convergenta—have been irrevocably committed to the takeover bid.
• Ceconomy’s supervisory board has recommended that remaining shareholders accept JD.com’s offer.
• JD.com has vowed to maintain all existing jobs, outlets, collective bargaining agreements and co-determination structures for at least three years post-deal.
• The transaction is expected to close in the first half of 2026, pending customary antitrust and regulatory approvals.