Group 1 - JD Group aims to establish itself as a leading omnichannel consumer electronics platform in Europe by acquiring CECONOMY AG, the parent company of MediaMarkt and Saturn, with a voluntary cash offer of €4.60 per share, valuing the company at approximately €2.2 billion [1][4] - CECONOMY's CEO, Dr. Kai-Ulrich Deissner, expressed that JD's retail, logistics, and technology capabilities can accelerate CECONOMY's growth trajectory and help lead the transformation of the European retail sector [4][9] - The acquisition has already secured support from over 57.1% of CECONOMY's shareholders, including a commitment from Convergenta Invest GmbH to accept the offer for its shares [6][9] Group 2 - CECONOMY reported a 1.6% decline in sales to €5.2 billion for Q1 2025, but its online business saw a 7.4% increase, reaching nearly €1.3 billion, indicating strong growth potential [7] - The strategic investment agreement ensures that CECONOMY will maintain independent operations in Europe, with no plans to alter personnel or office locations [8][9] - JD Group's CEO, Xu Ran, emphasized the commitment to support CECONOMY's talent development and unique corporate culture while leveraging advanced technology to accelerate its transformation [9]

Core Viewpoint - JD Group announced a voluntary public takeover offer to acquire all issued and outstanding shares of CECONOMY AG at a cash price of €4.60 per share, facilitated through its wholly-owned subsidiary JINGDONG Holding Germany GmbH [1] Group 1: Acquisition Details - The offer is supported by a strategic investment agreement between JD Group and CECONOMY, which aims to enhance CECONOMY's growth while maintaining its independent operations [3] - Convergenta, CECONOMY's largest shareholder, will hold 25.35% of CECONOMY shares post-acquisition, having committed to accept the offer for its 3.81% stake [2] - JD Group has secured irrevocable commitments from shareholders representing a total of 31.7% of CECONOMY shares, ensuring support for the takeover [2] Group 2: Strategic Implications - CECONOMY operates leading consumer electronics retail brands MediaMarkt and Saturn, combining strong e-commerce capabilities with over 1,000 retail stores across 11 countries [3] - The partnership is expected to leverage JD Group's advanced technology and logistics capabilities to accelerate CECONOMY's transformation into a leading omnichannel consumer electronics platform in Europe [3][4] - Both companies' management teams express confidence in the partnership, emphasizing the importance of customer focus and the integration of digital and physical business models for future success [4] Group 3: Financial Arrangements - The acquisition will be financed through a combination of acquisition loans and existing cash on the company's balance sheet [4] - The takeover offer is subject to customary conditions, including regulatory approvals, and is expected to be completed in the first half of 2026 [4]