Changes to the structure of the group’s subsidiaries (Finland, Latvia)
As a result of a regular inspection of the structure of the AS Merko Ehitus group, it was decided to liquidate the subsidiaries OY Merko Finland (Finland, construction and development) and PS “Merko Merks” (Latvia, joint construction offers), 100% of which belong to the group due to the lack of activity of these companies. At the same time, it was decided to establish the construction company Merko Būve in Latvia, a 100% owned subsidiary of the group, to strengthen specialization and unify the brand.
The terminations and creations presented in the notice have little effect on the operations of Merko Ehitus, and these transactions are not considered transactions with related parties in the section “Business calculators” of the rules of the exchange organized by the Stock Exchange. NASDAQ OMX Tallinn AS. As Merko Ehitunen’s board and supervisory board members have no financial interest in the transactions.
Urmas Somelar
Financial manager
AS Merko Ehitus
+372 650 1250
[email protected]
AS Merko Ehitus (group.merko.ee) group companies develop properties and construct buildings and infrastructure. We create a better living environment and build the future. We operate in Estonia, Latvia, Lithuania and Norway. At the end of 2021, the group employed 670 people and the group’s turnover in 2021 was EUR 339 million.