Italy Invokes ‘Golden Power’ to Vet JD.com’s $2.5bn Takeover of European Electronics Giant Ceconomy

Italy’s government has given its conditional approval to Chinese e-commerce behemoth JD.com’s takeover of German electronics retailer Ceconomy, utilizing its robust “golden power” legislation to safeguard national strategic interests. This conditional clearance, issued by Rome’s cabinet on November 24, signals a pivotal juncture in European-Chinese economic relations, demonstrating the increasing use of national security tools […] The post Italy Invokes ‘Golden Power’ to Vet JD.com’s $2.5bn Takeover of European Electronics Giant Ceconomy appeared first on Tekedia.

Italy Invokes ‘Golden Power’ to Vet JD.com’s $2.5bn Takeover of European Electronics Giant Ceconomy

Italy’s government has given its conditional approval to Chinese e-commerce behemoth JD.com’s takeover of German electronics retailer Ceconomy, utilizing its robust “golden power” legislation to safeguard national strategic interests. This conditional clearance, issued by Rome’s cabinet on November 24, signals a pivotal juncture in European-Chinese economic relations, demonstrating the increasing use of national security tools […]

The post Italy Invokes ‘Golden Power’ to Vet JD.com’s $2.5bn Takeover of European Electronics Giant Ceconomy appeared first on Tekedia.

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