Division of the group’s Estonian subsidiary
October 05 2023 - 8:56AM
Division of the group’s Estonian subsidiary
On October 5, Merko Ehitus group's 100%
subsidiaries OÜ Merko Kodud and AS Merko Ehitus Eesti signed a
division agreement, according to which real estate development
activities along with the corresponding assets and liabilities will
be transferred to OÜ Merko Kodud as the result of the division. The
balance sheet date of the division shall be 1 January 2024.
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 other home markets of
Merko Ehitus.
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 SomelarHead of FinanceAS Merko Ehitus+372 650
1250urmas.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, Lithuania and Norway. As at
the end of 2022, the group employed 661 people, and the group’s
revenue for 2022 was EUR 410 million.
Merko Ehitus As (LSE:0JKW)
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