JD.com and Ceconomy Mega Deal Delayed by Austrian Regulators
A major deal between JD.com and Ceconomy has been delayed due to scrutiny and regulatory hurdles imposed by Austrian authorities.
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A major deal between JD.com and Ceconomy has been delayed due to scrutiny and regulatory hurdles imposed by Austrian authorities.

Germany's Ceconomy, parent company of Media Markt-Saturn, has flagged uncertainty regarding Austrian approval of its planned deal with Chinese e-commerce giant JD.com, as the sale remains pending amid obstruction from Austrian authorities.
JD.com has announced plans to resubmit its application for the takeover of Ceconomy in Austria, with the previous application having been withdrawn as part of a procedural agreement with authorities.
JD.com has launched its Joybuy Marketplace in Europe and acquired Ceconomy, signaling a strategic move to expand its presence in the European market and compete with Amazon.
Ceconomy is set to propose CFO Remko Rijnders to take over as the new CEO, replacing the outgoing chief executive.
JD.com has warned that its planned takeover of Ceconomy is facing delays due to scrutiny from Austrian regulators.
Ceconomy, a major European consumer electronics retailer, is reportedly planning a CEO transition as Dr. Karsten Deissner prepares to step down from his leadership role.
Ceconomy's supervisory board is scheduled to meet on March 12 to discuss the departure of its CEO and determine the company's next strategic steps.