Scope of consolidation and group structure

Consolidated Financial Statements 2025 – EN2.1 BUSINESS COMBINATIONSMicro Asu EOOD, BulgariaAt the beginning of the last financial year, the shares in Micro Asu EOOD, Bulgaria, were acquired by Europapier Bulgaria EOOD. The objective of this acquisition was to strengthen the position on the viscom market and to drive the ongoing diversification strategy of Europapier Group.The purchase price allocation is calculated as follows: