Thought Leadership
Media reports have been circulating for some time that the Chinese group JD.com could take over Mediamarkt’s parent company Ceconomy. Now things are becoming more concrete.
The Mediamarkt-Saturn parent company Ceconomy says it is in advanced talks about a takeover by the Chinese e-commerce group JD.com. The Beijing-based group is considering a voluntary public takeover offer of 4.60 per ordinary share in cash, Ceconomy announced in Düsseldorf. However, legally binding agreements have not yet been concluded.
Ceconomy shares recently gained more than ten percent to just under 4.14 euros. Since the beginning of the year, it has gained around 58 percent in the wake of the current takeover fantasies.
The largest shareholder of the Düsseldorf-based company is the co-founder family Kellerhals with 29.2 percent. In addition, the Meridian Foundation, which holds a stake in the Metro wholesale group, has a good eleven percent, the Haniel family group 16.7 percent and Freenet 6.7 percent.
dpa
