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Italy Conditionally Approves JD-SW Acquisition of Ceconomy: Report
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Italy's parliamentary document shows that the Italian government conditionally approved JD-SW (09618.HK)'s acquisition of German electronics retailer, Ceconomy, for US$2.5 billion, according to Reuters. However, the MediaMarkt and Saturn brands, operated in Italy through electronics retailer, MediaWorld, must be transferred to other companies. JD-SW will acquire at least a 31.74% stake in Ceconomy through its subsidiary, Jingdong Holding Germany. AASTOCKS Financial News Website: www.aastocks.com |
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