Merko Ehitus: Start of liquidation of Russian subsidiary (OOO Lenko Stroi)

Tallinn, Estonia, 2017-11-22 09:04 CET (GLOBE NEWSWIRE) --

AS Merko Ehitus supervisory board has decided to start liquidation procedures
of 100% owned subsidiary based in Russia, OOO Lenko Stroi. 

OOO Lenko Stroi (registry number 1129847028288) has not carried out any
substantive business activity since foundation. Expenditure related to
liquidation of the company doesn't have any material effect on the group's
financial results. 

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.