Extension of the powers of the Chairman of the Management Board of a group’s subsidiary entity (Tallinna Teede AS)

On 30 January 2020, the Supervisory Board of Tallinna Teede AS – the subsidiary of AS Merko Ehitus Eesti, part of AS Merko Ehitus group – decided to extend the powers of the Chairman of the Management Board, Mr. Jüri Läll from 31 January 2020 until 30 January 2023. The Management Board of Tallinna Teede AS will continue in the current two-member panel: Mr. Jüri Läll (The Chairman) and Mr. Jüri Helila.

Tallinna Teede AS performs project management and provides workforce for all road maintenance countrywide, builds road structures and the associated infrastructure, performs maintenance repair, road surface dressing and provides road maintenance services. The company also produces different mixtures in its own asphalt plant. AS Merko Ehitus Eesti holds a 100% interest in Tallinna Teede AS.

AS Merko Ehitus Eesti () is Estonian leading construction company, which offers construction services in general construction, civil engineering, road, electrical and residential construction.

Priit Roosimägi

Head of Group Finance Unit

AS Merko Ehitus

AS Merko Ehitus () group consists of AS Merko Ehitus Eesti in Estonia, SIA Merks in Latvia, UAB Merko Statyba in Lithuania and Peritus Entreprenør AS in Norway. Besides providing 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.