Overview
- JD.com built the stake through a public takeover and a separate agreement with Convergenta, while the Kellerhals family holding will retain 25.35%.
- Germany’s antitrust regulator cleared the transaction in September, citing JD.com’s previously very limited competitive presence in the country.
- Final completion remains subject to foreign‑trade approvals and an EU review under the foreign subsidies regulation, with closing expected in H1 2026.
- Company statements include commitments to avoid store closures and layoffs for the coming years, with reporting indicating protections through 2028.
- The deal pairs JD.com’s e‑commerce and logistics capabilities with a network of about 1,000 MediaMarkt/MediaWorld and Saturn stores across 11 countries, with Italy applying golden‑power conditions.