Adjustments to the structure of the group
25 September 2024 - 11:00PM
UK Regulatory
Adjustments to the structure of the group
On September 25, Merko Ehitus group's 100%
subsidiaries OÜ Merko Ehitus Ventures and AS Merko Ehitus Eesti
signed an agreement, according to which 50% of the share in AS
Connecto Eesti, so far owned by Merko Ehitus Eesti, will be
transferred to OÜ Merko Ehitus Ventures through the division. The
balance sheet date of the division shall be 1 January 2025.
Merko Ehitus group is harmonizing with the
change in Estonia the structure of its subsidiaries, the structure
based on business segments is used in all home markets of the
group.
AS Merko Ehitus Eesti
(merko.ee) is a recognised Estonian
construction company, which offers construction services in general
construction, civil engineering and residential
construction.
AS Connecto Eesti
(connecto.ee) is a leading Estonian
construction company that designs, builds and maintains
electricity, telecommunication and gas networks.
The division set out in the notice have
negligible effect on the activities of as Merko Ehitus, within the
meaning of the section “Requirements for Issuers” of the rules of
the stock exchange organised by NASDAQ OMX Tallinn AS. Members of
the board and supervisory board of as Merko Ehitus have no economic
interest in the transaction.
Urmas Somelar
Head of Finance
AS Merko Ehitus
+372 650 1250
urmas.somelar@merko.ee
AS Merko Ehitus
(group.merko.ee) group companies develop real
estate and construct buildings and infrastructure. We create a
better living environment and build the future. We operate in
Estonia, Latvia, and Lithuania. As at the end of
2023, the group employed 635 people, and the group’s revenue for
2023 was EUR 466 million.
Merko Ehitus As (LSE:0JKW)
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