Italy grants conditional clearance to JD.com’s acquisition of Ceconomy

The Italian government has given conditional approval to JD.com’s planned acquisition of German consumer electronics group Ceconomy, as reported by Reuters, citing a parliamentary document. The approval was granted under Rome’s “golden power” regime, which allows the government to veto or attach conditions to deals - domestic or foreign - that involve assets deemed strategic to the country. Ceconomy, which controls the MediaMarkt and Saturn retail chains, operates in Italy through the MediaWorld brand. ...