JD Group-SW makes a voluntary public acquisition offer to CECONOMY AG

According to the Zhitong Finance APP, JD Group-SW (09618) announced that on September 1, 2025, JD Group (NASDAQ code: JD and Hong Kong Stock Exchange code: 9618 (HKD counter) and 89618 (RMB counter)) will issue an offer document through its wholly-owned indirect subsidiary JINGDONG Holding Germany GmbH (the bidder). The offer document pertains to a voluntary public acquisition offer to all shareholders of CECONOMY AG (XETRA: CEC), the parent company of Europe's leading consumer electronics retailers MediaMarkt and Saturn, to acquire all issued and outstanding bearer shares of CECONOMY at a cash consideration of €4.60 per share. The company previously announced its decision to make this acquisition offer on July 30, 2025.

This acquisition offer and the contracts formed as a result of accepting the offer are subject to several conditions precedent, including obtaining merger control approval, foreign investment approval, and EU foreign subsidy approval by November 10, 2026. The acceptance period for the acquisition offer begins on September 1, 2025, and ends at 6:00 PM (New York time) on November 10, 2025, with the possibility of extension under certain circumstances. The funding for this acquisition offer will be arranged through a combination of acquisition loans and existing cash on the company's balance sheet.

This acquisition offer does not apply to American Depositary Receipts related to CECONOMY. Holders of CECONOMY American Depositary Receipts must first convert their CECONOMY American Depositary Receipts into CECONOMY shares before accepting this acquisition offer