BUZZ-Ceconomy jumps 15% on report JD.Com revives interest in buying co

Reuters

02-05

BUZZ-Ceconomy jumps 15% on report JD.Com revives interest in buying co

** Shares in Ceconomy CECG.DE jump as much as 15.4% to their highest prices since April 2022 after Bloomberg News reported that JD.com has renewed interest in buying the German electronics retailer

** JD.com recently approached Ceconomy about a potential deal and has started sounding out large shareholders of the German company, Bloomberg said citing people familiar with the matter

** "We do not comment on speculation," Ceconomy told Reuters

** At 1142 GMT Ceconomy's shares are up 14.9%; if gains hold they will see their best day since November 2023

(Reporting by Tristan Veyet)

((Tristan.chabba@thomsonreuters.com))

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