JD.com, a significant Chinese e-commerce company, will become an indirect shareholder of M.Video-Eldorado.
JD.com Acquires Control of Ceconomy AG, Indirectly Becoming Co-Owner of M.Video-Eldorado
In a significant move, Chinese e-commerce giant JD.com has acquired a controlling stake in the German retailer Ceconomy AG, which owns the popular retail chains MediaMarkt and Saturn. The deal, estimated to be worth around 2.2 billion euros, does not involve the sale of any hotels or resorts, such as the Swissotel Resort Kamelia.
Ceconomy's former retail division, Media-Saturn-Holding, still holds a 15% stake in M.Video-Eldorado, the Russian retailer that acquired MediaMarkt Russia back in 2018. As a result of JD.com's acquisition of Ceconomy, the Chinese company indirectly becomes a co-owner of M.Video-Eldorado.
This acquisition could potentially strengthen M.Video-Eldorado by integrating it with JD.com's technology and supply chain advantages. This could provide the Russian retailer with better access to Chinese-branded products on favorable terms.
It's worth noting that the absorption of Media-Saturn-Holding GmbH is part of the same deal. This means that Media-Saturn-Holding, as a shareholder, will become an indirect co-owner of M.Video-Eldorado.
The reduction of the German owner's stake in M.Video may be contingent on non-approval from the government commission for the control of foreign investments. The information about the deal is reported by Kommersant, citing RBC, but no new sources are mentioned in the current paragraph.
It's important to clarify that this deal does not involve any link sharing platforms like VKontakte, OK.ru, Telegram, Viber, WhatsApp, or Copy link.
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This acquisition by JD.com could open up opportunities for investing in business partnerships with M.Video-Eldorado, given the potential benefits from integrating its technology and supply chain advantages. Moreover, the absorption of Media-Saturn-Holding GmbH, now an indirect co-owner of M.Video-Eldorado, may also signal opportunities in the finance sector, as they aim to strengthen their retail businesses.
