Merko Ehitus: Acquisition of additional shareholding (Connecto Eesti AS)

Merko EhitusOn 25 February 2022, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, signed a contract with Aardekapp OÜ to acquire additional 15% holding (82,500 shares) in Connecto Eesti AS, which designs, builds and maintains electrical, gas and telecommunications networks.

The agreement is a continuation of the share acquisition agreements entered into on 2 June 2021. After the acquisition of an additional shareholding, the Merko group owns 50% of Connecto Eesti AS and the latter will become a joint venture between AS Merko Ehitus Eesti and Aardekapp OÜ.

The acquisition of a holding as a set of two transactions is not a significant acquisition within the meaning “Requirements for Issuers” of the Tallinn Stock Market rules.

AS Merko Ehitus Eesti (merko.ee) is Estonian leading construction company, which offers construction services in general construction, civil engineering and residential construction and develops residential real estate. To ensure the best quality and convenience for home buyers, Merko manages all phases of the development: planning, design, construction, sales and service during the warranty period.

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