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French Govt Requests More Info from JD-SW on Acquisition of Germany's Ceconomy
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The French government has requested JD-SW (09618.HK) (JD.US) to provide more information regarding its acquisition of German consumer electronics retailer Ceconomy, as Ceconomy holds around 22% equity in French electronics retailer Fnac Darty, according to foreign media reports. JD-SW announced an offer to acquire Ceconomy at EUR4.6 per share in cash in July, valuing the retailer at around EUR2.2 billion. It is understood that the French government is seeking a clearer understanding of JD-SW's investment purpose and how the acquisition aligns with its strategy in Europe and France. AAStocks Financial News |
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