Merko Ehitus: Extension of the powers of the Members of the Supervisory and Management Board of a group's subsidiary entity (AS Merko Tartu)

Tallinn, Estonia, 2017-11-20 15:30 CET (GLOBE NEWSWIRE) --

On 17 November 2017, the Management Board of AS Merko Ehitus Eesti, part of AS
Merko Ehitus group, decided to extend the powers of the Members of the
Supervisory Board of AS Merko Tartu, Mr. Alar Lagus and Mr. Veljo Viitmann for
three years, i.e. till 23 December 2020. The Supervisory Board of AS Merko
Tartu will continue in a former three-member panel: Mr. Jaan Mäe (The
Chairman), Mr. Veljo Viitmann and Mr. Alar Lagus. 

On 17 November 2017, the Supervisory Board of AS Merko Tartu, decided to extend
the powers of the Member of the Management Board, Mr. Mihkel Mugur for three
years, i.e. till 17 November 2020. The Management Board of AS Merko Tartu will
continue in a former two-member panel: Mr. Juhan Varik and Mr. Mihkel Mugur. 

Merit Kullasepp
Communication and Marketing Manager
AS Merko Ehitus
Phone: [phone]
E-mail: [e-mail]

AS Merko Ehitus (group.merko.ee) group consists of Estonia's leading
construction company AS Merko Ehitus Eesti, the Latvian-market-oriented SIA
Merks, UAB Merko Statyba that is operating on the Lithuanian market,
construction company Peritus Entreprenør AS in Norway and the real estate
development business unit along with real estate holding companies. As at the
end of 2016, the group employed 797 people and the company's 2016 revenue was
EUR 252 million.