Romania’s Dedeman makes first international move with acquisition of Praktiker Hellas in Greece
Pavăl Holding, the investment vehicle of Romania’s Pavăl family and owner of leading home improvement retailer Dedeman, has acquired Praktiker Hellas, the top DIY chain in Greece. The deal, estimated at EUR 120-130 million according to…
Irina Marica · Journalist
· Updated · 2 min read
Pavăl Holding, the investment vehicle of Romania’s Pavăl family and owner of leading home improvement retailer Dedeman, has acquired Praktiker Hellas, the top DIY chain in Greece. The deal, estimated at EUR 120-130 million according to Profit.ro, marks Dedeman’s first step beyond Romania’s borders.
With 17 physical stores, a robust online platform, and a portfolio of over 50,000 products, Praktiker Hellas has been a known brand in Greece’s home and garden retail sector since 1991. The company employs more than 1,200 people.
