Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Italy Conditionally Approves JD-SW Acquisition of Ceconomy: Report
Recommend 4 Positive 8 Negative 0 |
||||
|
||||
|
Italy's parliamentary document shows that the Italian government conditionally approved JD-SW (09618.HK)'s acquisition of German electronics retailer, Ceconomy, for US$2.5 billion, according to Reuters. However, the MediaMarkt and Saturn brands, operated in Italy through electronics retailer, MediaWorld, must be transferred to other companies. JD-SW will acquire at least a 31.74% stake in Ceconomy through its subsidiary, Jingdong Holding Germany. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
