Merko Ehitus — M&A Activity 2024

Apr 15, 2024

Company Type Category Disclosure time AS MERKO EHITUS Company Release Other corporate action 15 Apr 2024 17:00:00 +0300

Currency

Construction contract in Estonia (maintenance and repair of roads in Tallinn city) Title

On 15 April 2024, Tallinna Teede AS, part of AS Merko Ehitus group, and Tallinn Urban Environment and Public Works Department signed a contract for the maintenance and repair of road sections and facilities necessary for the functioning of the roads in the city of Tallinn. The contract includes the maintenance repair of the roads and streets of the city of Tallinn and the replacement of the parts of the road and road facilities necessary for the maintenance with equivalent ones.

The value of the contract is approximately 5.5 million euros, plus VAT. The signed contract has duration of 24 months.

Tallinna Teede AS (ttas.ee (https://www.ttas.ee/)) is a road construction company that performs road construction, maintenance and repair works all over Estonia. The company has its own asphalt plant and an accredited laboratory for testing road construction materials.

Additional information: Jüri Läll, CEO of Tallinna Teede AS, tel: +372 606 1901.

Urmas Somelar Head of Finance 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 2023, the group employed 635 people, and the group's revenue for 2023 was EUR 466 million.

Finantsinspektsioon http://www.fi.ee