AI assistant
Merko Ehitus — M&A Activity 2021
Jun 25, 2021
2220_iss_2021-06-25_0471d202-9bdb-4e8e-8629-c0f666f0c205.pdf
M&A Activity
Open in viewerOpens in your device viewer
Company Type Category Disclosure time AS MERKO EHITUS Company Release Other corporate action 25 Jun 2021 16:13:24 +0300
Currency
Approval of Estonian Competition Authority for acquisition of a shareholding (Connecto Eesti Title
On 3 June 2021, AS Merko Ehitus announced in a stock exchange release (https://view.news.eu.nasdaq.com/view?id=b5e01c2b545b259efa2444499351000e4&lang= en) that AS Merko Ehitus Eesti, part of the group, signed a contract to acquire a 35% holding in Connecto Eesti AS. The approval of Estonian Competition Authority was needed for the transaction to take effect.
Estonian Competition Authority granted the needed approval on 25 June 2021. The transfer of shares is planned to take place during July 2021.
Additional information: AS Merko Ehitus Eesti, Chairman of Management Board, Mr. Ivo Volkov, phone: +372 680 5105.
Priit Roosimägi Head of Group Finance Unit AS Merko Ehitus +372 650 1250 [email protected] (mailto:[email protected])
AS Merko Ehitus (group.merko.ee (https://group.merko.ee/en/)) group consists of AS Merko Ehitus Eesti in Estonia, SIA Merks in Latvia, UAB Merko Statyba in Lithuania and Peritus Entreprenør AS in Norway. Besides providing construction service as a main contractor, the group's other major area of activity is apartment development. As at the end of 2020, the group employed 666 people, and the group's revenue for 2020 was EUR 316 million.
Finantsinspektsioon http://www.fi.ee