German electronics retailer Ceconomy signs investment agreement with JD.com, JD.com will acquire at 4.60 per share in cash.

German electronics retailer Ceconomy AG announced on July 30th local time that it has signed an investment agreement with JD, planning to establish a partnership with JD to accelerate its current growth trajectory, seize opportunities in emerging markets, and further solidify its position as a leading consumer electronics omnichannel platform in Europe. To this end, JD announced a voluntary public cash tender offer to acquire all shares of Ceconomy at a price of 4.60 euros per share.