The move comes just two months after Paval Holding, the investment vehicle of brothers Adrian and Dragos Paval of Dedeman, announced it would buy Greece’s Praktiker Hellas and acquire the company and related commercial properties for over EUR130 million.
The decision to tap into the market of the Republic of Moldova was made by Dedeman in the wake of a meeting with prime minister Dorin Recean and other officials of the Chisinau government.
“The Republic of Moldova is a market with a real development potential, which proves it is ready to become part of the EU. This investment reflects our confidence in the future, stability and outlooks of the local economy,” says Dragos Paval, Dedeman chairman.
Dedeman, which currently owns 64 stores nationwide, will launch its 65th unit by yearend, in Medias. In 2026, the company plans to open a store in Giurgiu, thus covering all Romania counties.
Paval Holding group made its first investments abroad in 2023, in the field of tourism.
(English version by Catalina Apostoiu)