Retail giant Carrefour announced on Thursday, February 12, that it entered into exclusive negotiations with local group Pav\u0103l Holding (owners of Dedeman) for the sale of all its operations in Romania. The transaction is based on an enterprise value of EUR 823 million.<\/p>\n
The move, the company said, is part of Carrefour\u2019s strategic portfolio review launched at the beginning of 2025.<\/p>\n
Pav\u01cel Holding is the investment vehicle of the Pav\u01cel family, owners of Dedeman, the DIY market leader in Romania.\u00a0The company confirmed the information and said that this stage marks the expansion of the group\u2019s portfolio into a new strategic segment: food retail.<\/p>\n
Carrefour Romania operates a multi-format network of 478 stores (including 55 hypermarkets, 191 supermarkets, 202 convenience stores, and 30 discount stores), and generated gross sales (including VAT) of EUR 3.2 billion in 2024 and 2025e, representing approximately 3.5% of group sales.<\/p>\n
The completion of the transaction remains subject to customary regulatory approvals and is expected in the second half of 2026.\u00a0<\/p>\n
Alexandre Bompard, Chairman and CEO, Carrefour, said: “The sale of Carrefour Romania confirms the good progress of the portfolio review initiated in 2025. Following the major transactions completed over the past twelve months – notably the buyout of minority interests in Carrefour Brazil and the sale of Carrefour Italy – the Group is pursuing its transformation and refocusing on its three core countries.\u201d<\/p>\n
\u201cI am confident that the agreement reached with Pav\u01cel Holding represents a great opportunity for their continued success,\u201d he added.<\/p>\n
\u201cWe have always followed with interest the evolution of the business model developed by Carrefour. The idea of bringing together an extensive range of products in one place has been an important benchmark for us and has even inspired the way we developed Dedeman,\u201d said, in turn, Drago\u0219 Pav\u0103l, President of Pav\u01cel Holding and Dedeman.<\/p>\n