Carrefour has entered into exclusive negotiations with Paval Holding for the sale of all its operations in Romania, with an enterprise value of 823 million euros, as part of the strategic review launched at the beginning of 2025.
Paval Holding is the investment vehicle of the Paval family, Romanian entrepreneurs and owners of Dedeman, the country’s leading DIY retailer. The disposal marks another step in Carrefour’s broader portfolio review and transformation strategy.
Carrefour Romania operates a multi-format network of 478 stores as of December 31, 2025, including 55 hypermarkets, 191 supermarkets, 202 convenience stores, and 30 discount stores. The business generated gross sales, including VAT, of €3.2 billion in 2024 and 2025, estimated, representing approximately 3.5% of Group sales.
For 2025 estimated results, Carrefour Romania reported net sales of €2,770 million, EBITDA of €173 million, recurring operating income of €29 million ,and IFRS 16 debt of €308 million.
The completion of the transaction remains subject to customary regulatory authorizations and is expected to occur in the second half of 2026.
The sale follows major transactions completed over the past twelve months, notably the buyout of minority interests in Carrefour Brazil and the sale of Carrefour Italy, as the Group refocuses on its three core countries.
Carrefour operates a multi-format network of more than 15,000 stores across over 40 countries and generated €94.6 billion in revenue in 2024, employing more than 300,000 people worldwide .
KEY QUOTES:
“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. It is with this momentum that we will present the key pillars of our new strategic plan next Wednesday. I would like to thank all our colleagues at Carrefour Romania for their dedication, professionalism, and the service they provide to our customers, which have helped build a solid business. I am confident that the agreement reached with Paval Holding represents a great opportunity for their continued success.”
Alexandre Bompard, Chairman and CEO, Carrefour
