Ceconomy (MTTRY) stated: “Against the backdrop of current press reports, CECONOMY AG confirms that it is in advanced negotiations with JD.com (JD) regarding a possible public takeover of CECONOMY by JD. JD is considering making the shareholders of CECONOMY a voluntary public takeover offer in the form of a cash offer for all bearer ordinary shares in accordance with the provisions of the German Securities Acquisition and Takeover Act, and to offer a price of EUR 4.60 per ordinary share. No legally binding agreements have been signed so far. At present, it is therefore not foreseeable for CECONOMY whether a takeover offer will actually be made or not.”
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