EXONIA has signed the transaction for the acquisition of the real estate assets of the former bakery complex, previously managed by VEL PITAR. This new acquisition will allow us to transform the largest bakery complex in northeastern Romania into potentially the largest factory for biodegradable paper packaging in Eastern Europe. It is a strategic move that will expand the EXONIA group's presence in the European Union markets through the highway infrastructure connecting Iași to Western Europe. This expansion will not only increase the presence of Iași-manufactured packaging on the exclusive shelves of the United States but will also utilize the port infrastructure in Constanța. Furthermore, it will enable access, also by sea, to a market with tremendous potential for the consumption of biodegradable paper bags manufactured by EXONIA: the Middle East.