Ceconomy AG Valuation Report
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Results for "Ceconomy"
27 stories found
China Criticizes EU's Extraterritorial Reach in JD.com Acquisition Probe
China has criticized the European Union's use of its Foreign Subsidies Regulation to investigate JD.com Inc.'s planned €2.2 billion takeover of German retailer Ceconomy, calling it an 'improper extraterritorial jurisdiction'.
EU Regulator Sends Charge Sheet to JD.com Over Ceconomy Deal
The EU regulator has sent a charge sheet to JD.com regarding its deal with Ceconomy. Sources indicate that EU regulators are expected to issue a formal warning to JD.com.
Chinese Chamber Urges EU to Ensure Fairness in FSR Probe into JD.com's CECONOMY Deal
A Chinese chamber of commerce has called on the European Union to ensure legal certainty and non-discrimination in its Foreign Subsidies Regulation (FSR) probe concerning JD.com’s deal with CECONOMY.
WorldbloombergFTyle-uutiset+38ukrainska-pravdafazaftonbladetberlingskelsm-lvder-standardrzeczpospolitamorgunbladid+30 more2mo ago41 sources
Russia Warns Armenia Over EU Rapprochement; Montenegro Gains French Support
Russia has warned Armenia about potential consequences of its closer ties with the European Union, threatening to revoke a natural gas deal. Concurrently, Montenegro has received support from French President Emmanuel Macron for its path towards EU membership.
Ceconomy and Wienerberger Report Latest Financial Results
Ceconomy AG announced non-GAAP EPS of €0.28 and revenue of €13.1 billion, while Wienerberger AG reported GAAP EPS of -€0.28 and revenue of €1.03 billion. These figures reflect the latest financial performance for both companies.
JD.com and Ceconomy Mega Deal Delayed by Austrian Regulators
A major deal between JD.com and Ceconomy has been delayed due to scrutiny and regulatory hurdles imposed by Austrian authorities.
Ceconomy Flags Uncertainty Over Austrian Approval of JD.com Deal
Germany's Ceconomy, parent company of Media Markt-Saturn, has flagged uncertainty regarding Austrian approval of its planned deal with Chinese e-commerce giant JD.com, as the sale remains pending amid obstruction from Austrian authorities.
Ceconomy to propose CFO Remko Rijnders to replace outgoing CEO
JD.com Offers Concessions in EU Probe of Ceconomy Takeover Bid
JD.com has offered concessions to address concerns raised by the European Union's antitrust regulators regarding its proposed takeover bid for German electronics retailer Ceconomy.
Ceconomy AG and AltaGas Release Latest Financial Results
Ceconomy AG reported a non-GAAP EPS of -€0.13 with revenue of €5.27 billion, while AltaGas announced a non-GAAP EPS of C$0.31 and revenue of C$3.79 billion. These reports provide an update on the financial performance of both companies.
Ceconomy CEO Plans Major Rebranding for Saturn Stores
Ceconomy's new CEO, Remko Rijnders, announced plans to make MediaMarkt and Saturn more profitable, indicating that the Saturn brand will undergo a significant transformation.
EU Fines Temu €200 Million for Selling Illegal and Unsafe Products
The European Union has fined Chinese e-commerce giant Temu €200 million for breaching EU rules by allowing the sale of illegal and unsafe products, including dangerous toys. Temu has expressed disagreement with the accusations.
Brussels to Launch In-Depth Probe into JD.com's Ceconomy Takeover
Brussels is preparing to open an in-depth investigation into JD.com's proposed takeover of Ceconomy, marking the first time the EU has conducted such a detailed review of a Chinese acquisition.
WorldAPbloombergNYT+68The GuardianNPRAl Jazeeraruvtagesschauukrainska-pravdaberlingskeDW+60 more4mo ago71 sources
EU Approves Major Loan for Ukraine and New Russia Sanctions
The European Union formally approved a substantial multi-billion euro loan package for Ukraine and a new round of sanctions against Russia, following Hungary's decision to drop its opposition. This financial lifeline aims to support Ukraine amidst the ongoing conflict and its aspirations for full EU membership.
JD.com Resubmitting Application for Ceconomy Takeover in Austria
JD.com has announced plans to resubmit its application for the takeover of Ceconomy in Austria, with the previous application having been withdrawn as part of a procedural agreement with authorities.
JD.com Launches Joybuy Marketplace in Europe and Acquires Ceconomy to Challenge Amazon
JD.com has launched its Joybuy Marketplace in Europe and acquired Ceconomy, signaling a strategic move to expand its presence in the European market and compete with Amazon.
Ceconomy to propose CFO Remko Rijnders to replace outgoing CEO
Ceconomy is set to propose CFO Remko Rijnders to take over as the new CEO, replacing the outgoing chief executive.
China Blocks Cooperation with EU Probe into JD.com’s Ceconomy Bid
China has blocked cooperation with the European Union's investigation into JD.com's bid for Ceconomy.
BusinessbloombergFTle-monde+38The Guardianyle-uutisetcnbctagesschaufazlsm-lvSCMPder-standard+30 more1mo ago41 sources
EU Approves Paramount-Warner Bros. Merger Amid US Hold
The European Union has given its conditional approval to the proposed merger between Paramount and Warner Bros. Discovery, while the deal remains on hold in the United States as a judge considers a preliminary injunction.
WorldReutersbloombergwsj+52FTdr-dknzzyle-uutisethelsingin-sanomatnosruvukrainska-pravda+44 more2mo ago55 sources
EU Fines Temu for Unsafe Products, Debates Ukraine Talks and Cohesion Funds
The EU has fined Temu €200 million for allowing the sale of illegal and unsafe products on its platform. Meanwhile, the EU is also discussing its strategic interests for potential talks with Russia regarding Ukraine and facing regional revolts over the use of cohesion funds to combat high energy costs.
WorldReutersThe Guardiandr-dk+59yle-uutisetnosruvtagesschauukrainska-pravdafazberlingskeDW+51 more2mo ago62 sources
EU Rejects Neutral Mediation in Ukraine-Russia Conflict, Opposes Russian Troops in Georgia and Moldova
The EU has stated it will not act as a neutral mediator between Ukraine and Russia, with Estonian Prime Minister Kaja Kallas asserting that Europe stands with Ukraine and that Russia is on the defensive. The EU also reiterated its opposition to the presence of Russian troops in Georgia and Moldova.
JD.com Considers £2 Billion Bid for UK's The Very Group
Chinese e-commerce giant JD.com is reportedly evaluating a £2 billion bid for the British online retailer The Very Group, with Sky News also reporting on the potential acquisition.
PoliticsAPReutersBBC+60FTAl Jazeerayle-uutisetruvukrainska-pravdaaftonbladetle-figarolsm-lv+52 more4mo ago63 sources
EU Forms Working Group for Montenegro Accession Treaty
The European Union has approved the creation of a working group tasked with drafting Montenegro's accession treaty. This move signifies a step forward in Montenegro's path towards EU membership.
JD.com's Ceconomy Takeover Faces Austrian Scrutiny Delay
JD.com has warned that its planned takeover of Ceconomy is facing delays due to scrutiny from Austrian regulators.
Ceconomy Plans CEO Transition as Deissner Steps Down
Ceconomy, a major European consumer electronics retailer, is reportedly planning a CEO transition as Dr. Karsten Deissner prepares to step down from his leadership role.
Ceconomy Supervisory Board to Meet on CEO Departure and Next Steps
Ceconomy's supervisory board is scheduled to meet on March 12 to discuss the departure of its CEO and determine the company's next strategic steps.