Shareholder Support and Binding Commitments
Ceconomy confirmed that anchor shareholders—including Franz Haniel & Cie. GmbH, Beisheim Capital, Convergenta Invest GmbH, and telecom provider Freenet AG—who together hold 32% of shares, have signed binding commitments to accept JD.com’s offer.
Notably, Convergenta, which represents Ceconomy’s founding family, will adjust its holding to 25.4% post-transaction, down from its current 29.16%.
Legal and Financial Heavyweights at the Helm
The deal is structured as a voluntary public takeover under the German Securities Acquisition and Takeover Law and, importantly, is not subject to a minimum acceptance threshold—meaning JD.com does not require a set percentage of shareholder approval to move forward.
However, the transaction remains contingent on merger control and foreign investment clearances. While specific authorities were not disclosed, regulatory scrutiny across Europe is anticipated. The companies expect closing by June 2026.
Advisers on the deal include:
