Carrefour has completed the sale of its operations in Romania to Pavăl Holding, marking the end of its 25-year presence in the local market.
Lara Maior
Economy
Ritu Manoj Jethani / Shutterstock.com
Always see our news on Google
Carrefour has officially concluded its operations in Romania, finalizing the sale of its operations to Pavăl Holding, the company of the Pavăl brothers, Dragoș and Adrian Pavăl, for an estimated value of 823 million euros. This transaction, one of the most significant in Romanian retail, marks the end of over 25 years of the French retailer's presence in the local market. Carrefour's president, Alexandre Bompard, thanked the teams in Romania for their commitment, emphasizing that the decision is part of the strategy to focus activities on priority markets. Carrefour entered the Romanian market in 2001, expanding to approximately 478 stores. Pavăl Holding intends to continue the company's development, maintaining collaborations with local suppliers and investing in the modernization of the stores. The change of ownership will not immediately affect the operation of the stores, but it represents a significant moment for Romanian retail.
Sources
După 25 de ani, Carrefour își încheie activitatea în România. Mesajul transmis de CEO după vânzarea către frații Pavăl
Carrefour pleacă din România după 25 de ani. Ce mesaj de adio a transmis CEO-ul grupului francez
CEO-ul Carrefour a transmis un mesaj de adio pentru România
Cum își ia Carrefour rămas bun de la noi, după 25 de ani în care am umplut cărucioare de la ei. Magazinele, preluate de frații Pavăl (Dedeman), pot fi redenumite
Latest News
22:59
SpaceX intends to develop a new major center for the Starship program in Louisiana, with an estimated investment of 100 billion dollars.
22:54
Nicușor Dan has notified the Constitutional Court regarding the unconstitutionality of the Decarbonization Law of the energy sector, which affects Romania's obligations in the field of environmental protection.
22:43
Kelemen Hunor, about the failure of the Salary Law: "Such a decision cannot be made responsibly in just a few days. We are not legislating for the European Commission."
22:23
President Nicușor Dan will have meetings on Thursday with Maia Sandu and Volodymyr Zelensky in Chișinău, on the occasion of the Independence Day of the Republic of Moldova
22:07
Dragoș Pîslaru and Radu Miruță accuse PSD of sabotaging the negotiations for the Salary Law and the loss of 770 million euros from PNRR
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
