Austria delays JD.com takeover clearance for Ceconomy

Austrian regulators have yet to approve Chinese e-commerce group JD.com’s proposed acquisition of German electronics retailer Ceconomy, leaving a key approval outstanding and putting the wider transaction at risk. Ceconomy said the foreign direct investment (FDI) approval process in Austria remains pending, even as the deal has secured clearances in several other jurisdictions. In a statement, Ceconomy said: “With respect to the FDI clearance in Austria, it is currently uncertain whether and, if so, whe ...