Fashion
Chinese group JD.com secures majority stake in holding company MediaWorld–Saturn
By
Ansa
Published
December 2, 2025
Chinese group JD.com has acquired an 85.2% stake in Germany’s Ceconomy, the holding company that controls the MediaMarkt (MediaWorld in Italy) and Saturn retail chains, in a deal worth €2.2 billion, according to several specialist trade publications.
Around 60% comes from JD.com’s takeover bid, with the remainder resulting from an agreement with Convergenta, the Kellerhals family’s holding company, which will retain a 25.35% stake. The company announced it in a statement.
Germany’s federal antitrust authority gave its approval in September, noting that JD.com had previously been ‘active in Germany only to a very limited extent.’
However, according to Ceconomy, completion of the public tender offer is still subject to approval by the relevant foreign trade authorities and to approval under the EU Foreign Subsidies Regulation. Completion is therefore expected in the first half of 2026.
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