The Business Times

China’s JD.com walks away from bidding for Currys

    • Currys shares, which slumped to a session low after the update, were down 6 per cent at 55.4 pence.
    • Currys shares, which slumped to a session low after the update, were down 6 per cent at 55.4 pence. PHOTO: REUTERS
    Published Fri, Mar 15, 2024 · 10:33 PM

    CHINESE online retailer JD.com said on Friday (Mar 15) that it would not make an offer for British electricals group Currys, days after US investor Elliott Advisors walked away from tabling a bid.

    Currys shares, which slumped to a session low after the update, were down 6 per cent at 55.4 pence by 1409 GMT.

    “JD.com today confirms that, following careful consideration, it does not intend to make an offer for Currys,” the company said.

    Elliott walked away on Monday, saying Currys’ board would not engage with it. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    JD.comM&A

    Share with us your feedback on BT's products and services

    Feedback
    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More