The two entrepreneurs have been actively trading on the capital market lately, buying stakes of more than 5% in Romania’s strategic companies, such as the national electricity transmission company Transelectrica. Market sources say the Paval brothers also own stake in Romgaz Medias (SNG.RO). the country’s largest natural gas producer.
Dedeman, the company they run, which is an over EUR1 billion business and has some 10,000 employees, stays away from the capital market, even though the Bucharest Stock Exchange has seen a number of companies founded by entrepreneurs listed over the last few years.
Mihai Marcu, who runs MedLife, the first private company to go public in eight years said in December 2016, when his company started trading, that entrepreneurs who want to become leaders must know the gateway to that is going public. His message did not fall on deaf years as Zoltan Teszari had Digi listed, a move followed by Sphera and winemaker Purcari. (EUR1=RON4.6655)
(English version by Loredana Fratila-Cristescu)