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Structure

AS Merko Ehitus operates as a holding company whose companies in Estonia, Latvia and Lithuania offer complete solutions in the field of construction and real estate development. In the construction sector, the group’s largest companies are AS Merko Ehitus Eesti (100%), SIA Merks (100%), UAB Merko Statyba (100%) and the companies belonging to the AS Merko Ehitus Eesti group: Tallinna Teede AS (100%) and AS Merko Infra (100%).

GROUP´S MANAGEMENT STRUCTURE

It is important to maintain a simple organisational structure in the group and in management to be guided primarily by the group’s objectives and requirements. For the purposes of maximum effectiveness in group management, we in some cases differentiate the management structure and legal structure. The highest corporate decision-making level, the management board of the parent company, AS Merko Ehitus, keeps track of business activity in all of the company’s areas.

ME struktuur 2016 mai ENG - 900As at 30 June 2016

GROUP’S LEGAL STRUCTURE

As at 31 December 2015, the group comprises 43 companies (31.12.2014: 47). The group’s legal structure is predominantly based on tax efficiency and there is not in all cases a direct linear relationship with the group’s effective management structure.

Ownership and
voting rights %
31.12.2015
Ownership and
voting rights %
31.12.2014
Location Area of operation
Subsidiaries
AS Merko Ehitus Eesti 100 100 Estonia, Tallinn Construction
Tallinna Teede AS 100 100 Estonia, Tallinn Road construction
OÜ Tevener 100 Estonia, Tallinn Mining
AS Vooremaa Teed 100 100 Estonia, Jõgeva Road construction
AS Merko Infra 100 100 Estonia, Tallinn Construction
AS Gustaf 100 100 Estonia, Pärnu Construction
AS Merko Tartu 100 66 Estonia, Tartu Construction
OÜ Raadi Kortermaja 100 Estonia, Tartu Real estate
OÜ Fort Ehitus 75 75 Estonia, Viimsi Construction
OÜ Mineraal 100 100 Estonia, Tallinn Mining
OÜ Heamaja 100 100 Estonia, Tallinn Real estate
OÜ Rannamõisa Kinnisvara 100 Estonia, Tallinn Real estate
UAB Merko Statyba 100 100 Lithuania, Vilnius Construction
 UAB Statiniu priežiura ir administravimas
(end. UAB Merko Inžinerija)
100 100 Lithuania, Vilnius Construction
OÜ Merko Property 100 100 Estonia, Tallinn Real estate
 UAB Balsiu mokyklos SPV 100 100 Lithuania, Vilnius Real estate
UAB Merko Bustas 100 100 Lithuania, Vilnius Real estate
 UAB MN Projektas 100 100 Lithuania, Vilnius Real estate
 UAB Jurininku aikštele 100 100 Lithuania, Vilnius Real estate
 UAB Kražiu Projektas 100 Lithuania, Vilnius Real estate
 UAB VPSP1 100 100 Lithuania, Vilnius Real estate
 UAB Timana 100 100 Lithuania, Vilnius Real estate
Ringtee Tehnopark OÜ 100 Estonia, Tallinn Construction
OÜ Jõgeva Haldus 100 100 Estonia, Tallinn Real estate
OÜ Metsailu 100 100 Estonia, Tallinn Real estate
OÜ Maryplus 100 Estonia, Tallinn Real estate
OÜ Constancia 100 Estonia, Tallinn Real estate
OÜ Tähelinna Kinnisvara 100 100 Estonia, Tallinn Real estate
Väike-Paekalda OÜ 100 100 Estonia, Tallinn Real estate
Suur-Paekalda OÜ 100 100 Estonia, Tallinn Real estate
SIA Merko Investments 100 100 Latvia, Riga Holding
OÜ Merko Investments 100 100 Estonia, Tallinn Holding
 SIA Merks 100 100 Latvia, Riga Construction
 SIA SK Viesturdarzs 100 100 Latvia, Riga Real estate
 SIA Merks Investicijas 100 100 Latvia, Riga Real estate
 SIA Industrialas Parks 100 100 Latvia, Riga Real estate
 SIA Elniko 100 100 Latvia, Riga Real estate
 SIA Ropažu Priedes 100 100 Latvia, Riga Real estate
 PS Merko-Merks 100 100 Latvia, Riga Construction
 SIA Zakusala Estates 75 75 Latvia, Riga Real estate
Merko Finland OY 100 100 Finland, Helsinki Construction
Hartian OY 75 Finland, Helsinki Real estate
        AS OY Helsingin Pestikuja 1 100 Finland, Helsinki Real estate
Lenko Stroi LLC 100 100 Russia, St. Petersburg Construction
Joint ventures
OÜ Unigate 50 50 Estonia, Tallinn Real estate
Poolkoksimäe Sulgemise OÜ 50 50 Estonia, Tallinn Construction
SIA Zakusala Estate Latvia, Riga Real estate
OÜ Kortermaja 50 Estonia, Tartu Real estate
Kivimäe 32 OÜ 50 50 Estonia, Tallinn Real estate
Kodusadam OÜ (end. Kalaranna Arenduse OÜ) 50 50 Estonia, Tallinn Real estate