JD.com in talks with banks for euro loan to fund Ceconomy deal - report
Investing.com -- Chinese e-commerce giant JD.com Inc. is discussing a euro-denominated loan with banks to finance its planned acquisition of German electronics retailer Ceconomy, Bloomberg reported on Thursday, citing people familiar with the matter.
HSBC Holdings Plc and Standard Chartered Plc have been appointed as the mandated lead arrangers, bookrunners and underwriters for the loan, the report said.
The facility under consideration may have a 364-day tenor, though the final loan amount has not yet been determined, the report added.
JD.com has offered to acquire Ceconomy AG in a transaction that would value Europe’s largest consumer electronics retailer at approximately €2.2 billion ($2.6 billion).
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