DIY retailer Dedeman buys stake in oil pipe operator

Dedeman, the biggest do-it-yourself retailer in Romania, continues its strategy to diversify its portfolio and has bought a minority stake in oil pipe operator Conpet Ploiesti. Dedeman’s stake in Conpet is 7.4% and has a market value of some EUR 15.5 million, according to reports on the Bucharest Stock Exchange. Dedeman, a business founded and controlled by local investors Dragos and Adrian Paval, gave up the idea of ...

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