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Structure

AS Merko Ehitus operates as a holding company whose companies in Estonia, Latvia, Lithuania and Norway 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%), Peritus Entreprenør AS (56%) 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 efficiency in the group management, we in some cases differentiate the management structure and legal structure. Management of the group’s operating activity takes place in a country-specific manner and is coordinated at the level of the holding company.

As at 30 September 2018

GROUP’S LEGAL STRUCTURE

As at 30 September 2018, the group comprises 32 companies (30.09.2017: 45; 31.12.2017: 45).. The group’s legal structure is predominantly based on regulatory requirements and there is not in all cases a direct linear relationship with the group’s effective management structure.

Ownership and voting rights % Location Area of operation
30.09.2018 30.09.2017 31.12.2017
Subsidiaries
AS Merko Ehitus Eesti 100 100 100 Estonia, Tallinn Construction
Tallinna Teede AS 100 100 100 Estonia, Tallinn Road construction
AS Merko Infra 100 100 100 Estonia, Tallinn Construction
AS Merko Tartu 100 100 Estonia, Tartu Construction
OÜ Fort Ehitus 76 Estonia, Viimsi Construction
OÜ Mineraal 100 100 Estonia, Tallinn Mining
Kivimäe 32 OÜ 100 Estonia, Tallinn Real estate
OÜ Tähelinna Kinnisvara 100 Estonia, Tallinn Real estate
UAB Merko Statyba 100 100 100 Lithuania, Vilnius Construction
 UAB Statiniu priežiura ir administravimas 100 100 100 Lithuania, Vilnius Real estate
 UAB Timana 100 100 Lithuania, Vilnius Real estate
OÜ Merko Property 100 100 100 Estonia, Tallinn Real estate
 UAB Balsiu mokyklos SPV 100 100 100 Lithuania, Vilnius Real estate
UAB Merko Bustas 100 100 100 Lithuania, Vilnius Real estate
 UAB MN Projektas 100 100 100 Lithuania, Vilnius Real estate
 UAB Jurininku aikštele 100 100 100 Lithuania, Vilnius Real estate
 UAB Timana 100 Lithuania, Vilnius Real estate
UAB Rinktines projektai 100 100 100 Lithuania, Vilnius Real estate
OÜ Jõgeva Haldus 100 100 Estonia, Tallinn Real estate
OÜ Metsailu 100 100 Estonia, Tallinn Real estate
OÜ Kiviaia Kinnisvara 100 100 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
OÜ Unigate 100 100 Estonia, Tallinn Real estate
OÜ Paekalda 2 100 100 Estonia, Tallinn Real estate
OÜ Paekalda 3 100 100 Estonia, Tallinn Real estate
OÜ Paekalda 7 100 100 Estonia, Tallinn Real estate
OÜ Paekalda 9 100 100 Estonia, Tallinn Real estate
SIA Merko Investments 100 100 100 Latvia, Riga Holding
OÜ Merko Investments 100 100 100 Estonia, Tallinn Holding
 SIA Merks 100 100 100 Latvia, Riga Construction
 SIA SK Viesturdarzs 100 100 100 Latvia, Riga Real estate
 SIA Merks Investicijas 100 100 100 Latvia, Riga Real estate
 SIA Industrialas Parks 100 100 100 Latvia, Riga Real estate
 SIA Ropažu Priedes 100 100 100 Latvia, Riga Real estate
 PS Merko-Merks 100 100 100 Latvia, Riga Construction
 SIA Zakusala Estates 75 75 75 Latvia, Riga Real estate
 PS Merks-Ostas celtnieks 65 65 65 Latvia, Riga Construction
 PS Merks Merko Infra 100 100 Latvia, Riga Construction
Merko Finland OY 100 100 100 Finland, Helsinki Construction
Hartian OY 100 75 75 Finland, Helsinki Real estate
Lenko Stroi LLC 100 100 100 Russia, St. Petersburg Holding
Merko Investments AS 100 100 100 Norway, Sofiemyr Holding
Peritus Entreprenor AS 56 56 56 Norway, Sofiemyr Construction
Joint ventures
Poolkoksimäe Sulgemise OÜ 50 50 Estonia, Tallinn Construction
Kivimäe 32 OÜ 50 Estonia, Tallinn Real estate
Kodusadam OÜ 50 50 50 Estonia, Tallinn Real estate