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Carrefour, the French multinational retail group, has entered into exclusive negotiations with Paval Holding for the sale of its entire Romanian operations based on an enterprise value of €823 million ($976 million).
The transaction, which is anticipated to complete in the second half of 2026, involves a multi-format network of 478 stores. This includes 55 hypermarkets, 191 supermarkets, 202 convenience stores and 30 discount outlets. Carrefour Romania reported gross sales of approximately €3.2 billion ($3.8 billion) in 2024, representing around 3.5% of the group’s total turnover.
Paval Holding is the investment vehicle of the Paval family, the owners of Romania’s leading DIY retail chain, Dedeman. The divestment is part of a strategic portfolio review initiated by Carrefour in early 2025, as the company seeks to refocus capital on its three core markets of France, Spain and Brazil.
“The sale of Carrefour Romania confirms the good progress of the portfolio review initiated in 2025”, said Alexandre Bompard, chairman and CEO of Carrefour. “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”.
The agreement remains subject to customary regulatory approvals.
Source: Carrefour / Financial Food / Retail Insight Network
