Today, on 15 January 2020, information has been published in the media
concerning the plans of SIA Merks, part of AS Merko Ehitus group, on real estate
developments in Riga (BNS: "Merko's Latvian subsidiary invests 260 million in
real estate projects" (original: ?Merko Läti tütar investeerib
kinnisvaraprojektidesse 260 miljonit
(http://www.bns.ee/topic/778/news/61003523/)"), Postimees: "Merko invests
quarter of a billion on Riga islands" (original: ?Merko investeerib Riia
saartele veerand miljardit (https://majandus24.postimees.ee/6872924/merko-
investeerib-riia-saartele-veerand-miljardit)"), Latvijas Sabiedriskie Mediji:
"Merks plans to invest more than 260 million euros to Zakusala and Lucavsala
developments" (original: ?«Merks» pl?no Za?usalas un Lucavsalas att?st?b?
ieguld?t vair?k nek? 260 miljonus eiro
(https://www.lsm.lv/raksts/zinas/ekonomika/merks-plano-zakusalas-un-lucavsalas-
attistiba-ieguldit-vairak-neka-260-miljonus-eiro.a344836/)")).
We emphasise that the development and investment volumes mentioned in these
articles are preliminary estimations and subject to change. Merko Ehitus issues
stock exchange announcements about the actual volumes of the developments and
their timeframes as the respective decisions have been made and the development
works are started.
Priit Roosimägi
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250
priit.roosimagi@merko.ee (mailto:priit.roosimagi@merko.ee)
AS Merko Ehitus (group.merko.ee (https://group.merko.ee/en/)) group consists of
Estonia's leading construction company AS Merko Ehitus Eesti, the Latvian-
market-oriented SIA Merks, UAB Merko Statyba operating on the Lithuanian market,
and the Norwegian construction company Peritus Entreprenør AS. Besides provision
of construction service as a main contractor, the group's other major area of
activity is apartment development. As at the end of 2018, the group employed
764 people, and the group's revenue for 2018 was EUR 418 million.
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