EU Foreign Subsidy Probe into JD.com’s €2.2B Ceconomy Bid: What Cross-Border M&A Teams Must Know in 2025
The EU’s formal investigation into JD.com’s €2.2 billion bid for Ceconomy marks a watershed moment for cross-border M&A into Europe, as the Foreign Subsidies Regulation moves from policy instrument to active deal risk. M&A directors, CFOs, and General Counsel must now treat regulatory subsidy mapping as a core component of due diligence and deal structuring.