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German Antitrust Watchdog Approves JD-SW's Acquisition of CECONOMY
Recommend 21 Positive 42 Negative 7 |
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JD-SW (09618.HK) (JD.US) revealed earlier this month the completion of its acquisition of CECONOMY AG, the parent company of European consumer electronics retailers MediaMarkt and Saturn, at a cash consideration of EUR4.6 per share. German antitrust watchdog Bundeskartellamt announced that it had approved the transaction, as it believed it would raise almost no competition concerns given JD-SW's very limited business presence in Germany. AAStocks Financial News |
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