Carrefour has entered exclusive negotiations to sell its Romanian operations to Paval Holding for an enterprise value of €823 million, as the French retailer advances its strategic portfolio review. The Romanian business operates 478 stores and generated €3.2 billion in gross sales in 2024-2025, accounting for roughly 3.5% of Group sales.

This disposal follows a broader strategic reset initiated in early 2025, during which Carrefour completed the buyout of minority interests in Carrefour Brazil and the sale of Carrefour Italy. The Romania exit continues that repositioning effort as the Group refocuses on its three core markets. For Paval Holding, the investment vehicle of the Paval family, owners of Dedeman, the transaction represents a sizeable domestic consolidation move.

Financially, the Romanian unit posted estimated net sales of €2.77 billion, EBITDA of €173 million, and recurring operating income of €29 million in 2025, alongside IFRS 16 debt of €308 million. The €823 million enterprise value suggests a disciplined valuation environment for grocery retail assets amid margin compression across Europe. Completion remains subject to customary regulatory approvals and is expected in H2 2026.