The transaction, approved in August 2025, does not alter the retailer’s share capital, which remains at RON2.57 billion, and is part of an effort to simplify the corporate structure of the group controlled by Adrian Paval and Dragos Paval.
DIY retailer Dedeman has completed the absorption of Navaria Ceramics, both of which are controlled by brothers Adrian Paval and Dragos Paval through special purpose vehicle Paval Holding, as the sole shareholder decided.
Following the merger by absorption, Navaria Ceramics will be deregistered from the Trade Register, and Dedeman will take over all assets and liabilities of the absorbed company, including all real rights and the entire goodwill. Dedeman’s share capital remains unchanged at RON2,570,500,000 and the transaction does not entail the issuance of new shares.
The merger plan was drafted in May 2025 and published in the Official Gazette in July of that year, with no objections from creditors filed within the statutory period. The decision approving the merger is dated August 25, 2025.
Navaria Ceramics was established in 2022 by Paval Holding, with the core business of manufacturing clay-based construction materials, specifically ceramic tiles and slabs. The Navaria Ceramics brand was already present in Dedeman stores prior to the company’s establishment, in the form of a range of porcelain tiles for indoor and outdoor use, manufactured in Bulgaria.
The merger suggests that the owners decided to integrate operations related to this brand directly into the Dedeman structure, abandoning a separate legal entity, which, according to available data, had not developed significant production operations on the Romanian market.
(English version by Loredana Fratila-Cristescu)