The Pavăl brothers (Dedeman) strongly increase the income and profit of the Pavăl Holding investment vehicle
The Pavăl Holding investment vehicle, through which the Dedeman owners, the Pavăl brothers, also carry out their portfolio placements at the Bucharest Stock Exchange, recorded revenues of 2.6 billion lei last year, up from 1.8 billion lei in the previous year.
Net profit rose to 2.3 billion lei, from 1.6 billion lei, according to the balance sheet analyzed by Profit.ro. In 2023, the vehicle also saw a substantial increase in revenue, from 1.7 billion lei to 2.3 billion lei.
In February 2019, Profit.ro announced that the majority stake in Dedeman, controlled by the brothers Dragoș and Adrian Pavăl, the largest local DIY retailer and the largest business developed by Romanian entrepreneurs, was transferred to Pavăl Holding, a company also founded by the two brothers. Until that moment, the business was directly transferred to their names.
After making Dedeman the largest entrepreneurial company in the country, the Pavăl brothers began to diversify their investments. So far, the real estate sector has directed the largest sums, a total of about one billion euros.
Read more at profit.ro
