Division of the group’s subsidiary
20 März 2024 - 4:00PM
UK Regulatory
Division of the group’s subsidiary
On March 20, Merko Ehitus group's 100%
subsidiary OÜ Merko Investments signed a division plan, according
to which real estate development activities along with the
corresponding assets and liabilities will be transferred to OÜ
Merko Residential Investments, which is established as a result of
the division. The balance sheet date of the division shall be 1
April 2024.
With this change, the Merko Ehitus group
completes the harmonization of the structure of its subsidiaries,
the legal structure based on business segments is used in all other
home markets of the group.
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, Lithuania and Norway. 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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