ILPRA S.p.A. (BIT:ILP) signed a binding agreement to acquire 30% stake in Pona Pack Packaging Solutions for €1 million on November 28, 2022. The transaction will take place as follows: purchase of 21% of Ponapack's share capital, for a total of €0.7 million. From which, €0.35 million will be paid in cash at the closing and €0.35 million, also in cash, by April 2023. Subscription, on the date of the closing, of a capital increase in Ponapack, entirely reserved for Ilpra, for a total amount of €0.3 million, including €0.29 million as a premium, against the allocation of a share equal to 9% of its capital. As a result of the transaction, Ilpra will acquire category “B” shares with the characteristics and prerogatives stipulated in Ponapack's statute, which will guarantee a total voting right of 51%, as well as the right to appoint the majority of the 5 members of the target's Board of Directors. In 2021 Ponapack registered €1.3 million in revenues, an EBITDA of €0.19 million.

ILPRA S.p.A. (BIT:ILP) cancelled the acquisition of 30% stake in Pona Pack Packaging Solutions on June 14, 2023.