Guan Cha Zhe Wang·2025-09-02 12:20Group 1 - The article discusses a voluntary public takeover offer by JD.com to acquire all issued and outstanding shares of CECONOMY at a cash price of €4.60 per share, valuing the transaction at approximately €2.2 billion [3][5]. - The acceptance period for the takeover offer is set from September 1, 2025, to November 10, 2025, with the possibility of extension under certain conditions [5]. - CECONOMY, a leading European consumer electronics retailer, was established in 2017 and operates major brands MediaMarkt and Saturn, combining e-commerce with over 1,000 retail stores across more than ten countries [5]. Group 2 - For the first half of the fiscal year 2024, CECONOMY reported sales revenue of €12.82 billion, a 4% increase year-over-year, with adjusted EBIT rising to €589 million, reflecting a 14.3% growth [6]. - The company's gross margin improved slightly to 17.5% for the first half of 2024, while the adjusted gross margin remained stable at 17.7% [6]. - JD.com is focusing on international expansion, emphasizing local e-commerce strategies and building local teams, with over 2,000 employees already in place [7].