“After review, the Competition Council found this operation does not pose significant obstacles to the actual competition on the Romanian market or to a significant part thereof and there is no serious doubt about its compatibility with a normal competitive environment,” Competition Council officials say.
Dragos and Adrian Paval, the founders of DIY retailer Dedeman, the largest entrepreneurial business in Romania by revenue, bought 30% in the group including Farmacia Tei and Bebe Tei.
The two parties involved did not disclose the value of the deal, which ZF puts at EUR70 million to EUR90 million, based on existing data.
Farmacia Tei posted RON867 million sales in 2021, an increase of 15% on 2020, while the profit stood at almost RON40 million, an increase of 40%, ZF has calculated.
Dedeman ended 2021 with RON10.03 billion sales, according to Finance Ministry data.
(English version by Loredana Fratila-Cristescu)