According to people familiar with the matter, the shareholders of German electronics retailer Ceconomy are in the final stages of negotiations on a possible acquisition initiated by the JD Group. Last week, Ceconomy confirmed that it is in the advanced negotiation phase for a potential acquisition at a price of €4.60 per share, which means the deal is valued at around €2.2 billion. However, the retailer, which owns electronics chains such as MediaMarkt and Saturn, said it has not signed any legally binding agreements yet, and it is uncertain whether it will issue a takeover offer.

According to people familiar with the matter, the shareholders of German electronics retailer Ceconomy are in the final stages of negotiations on a possible acquisition initiated by the JD Group. Last week, Ceconomy confirmed that it is in the advanced negotiation phase for a potential acquisition at a price of €4.60 per share, which means the deal is valued at around €2.2 billion. However, the retailer, which owns electronics chains such as MediaMarkt and Saturn, said it has not signed any legally binding agreements yet, and it is uncertain whether it will issue a takeover offer.