EU Parliament Wants to Thwart Chinese Takeover of Mediamarkt
3 Articles
3 Articles
The European Commission must launch a thorough investigation into the takeover of the parent company of electronics chains MediaMarkt and Saturn, the European Parliament demands. The Chinese online retail group JD.com wants to acquire Ceconomy AG. A proposal for an investigation by Dutch MEP Dirk Gotink (NSC) was adopted in the European Parliament on Thursday.
There are growing European concerns surrounding the acquisition of electronics retailers MediaMarkt and Saturn by the Chinese group JD.com. Calls for stricter rules are coming from the European Parliament.
The European Union is planning to overhaul merger rules. It wants to remove some of the obstacles preventing the emergence of large local companies capable of competing with big companies from the United States and China. The European Commission announced this in a press release today. It will be the first major revision of mergers and acquisitions policy in 20 years, Bloomberg reported. The proposal raises hopes for a more lenient assessment of…
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