Merko Ehitus

M&A Activity • Oct 16, 2023

Company Type Category Disclosure time AS MERKO EHITUS Company Release Other corporate action 16 Oct 2023 09:46:19 +0300

Currency

Construction contract in Estonia (Metec factory building) Title

On 16 October 2023, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Jalaka Kinnisvara OÜ, part of OÜ Ritola group, entered into an additional works agreement, which supplemented the contract for the construction of a factory building.

According to the contract AS Merko Ehitus Eesti will construct a factory building for Metec with production and storage areas and a two-storey attachment for amenities and technical premises on the Tehno tee 8 property in Tõrvandi, Tartu county. The contract value is approximately EUR 4,5 million, plus value added tax. The building will be completed in May 2024.

AS Merko Ehitus Eesti (merko.ee (http://www.merko.ee/en)) is Estonian leading construction company, which offers construction services in general construction, civil engineering and residential construction.

Additional information: AS Merko Ehitus Eesti, head of South-Estonia department, Mr. Juhan Varik, tel. +372 680 5105.

Urmas Somelar Head of Group Finance Unit AS Merko Ehitus +372 650 1250 urmas.somelar@merko.ee (mailto:urmas.somelar@merko.ee)

AS Merko Ehitus (group.merko.ee (https://group.merko.ee/en/)) 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.

Finantsinspektsioon http://www.fi.ee