Dedeman Holding, a Romanian group of companies controlled by local investors Dragos and Adrian Paval, the owners of do-it-yourself retailer Dedeman, will increase its equity by issuing new shares worth RON 2.1 billion (EUR 440 million), Profit.ro announced.

Following the operation, the holding, set up last December with a capital of over EUR 1 billion, will reach a capitalization of RON 6.65 billion (EUR 1.4 billion).

The source provides few details as regards the operation. In principle, the new shares can be issued against cash subscription or in-kind subscriptions (shares in other entities of Dedeman group, not included yet in the holding).

When launched, Dedeman Holding was 60:40 owned by the two brothers Dragos and Adrian Paval. The holding owns 67.5% in Dedeman (the DIY chain). The rest of Dedeman is directly controlled by the two brothers: 19.4% by Dragos Paval and 12.9% by Adrian Paval.

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12 April 2019

Business

Owners of Romanian DIY retailer Dedeman to buy premises of Letea paper plant

The rest of Dedeman Holding’s portfolio consists in businesses not related with Dedeman DIY chain: 23% of aluminum maker Alro (worth over EUR 100 million), office buildings in Bucharest, construction materials producer Cemacom, and others.

editor@romania-insider.com

(Photo source: Dedeman)