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NEWS

Merko split in two

Aug 04, 2008
By Mike Collier

TALLINN - Estonian construction giant Merko has split itself into two parts in an elaborate legal maneuver aimed at protecting its core business from the threat of huge punitive fines. The business name of construction firm AS Merko Ehitus was changed to AS Järvevana in the Estonian Commercial Register as of August 1, 2008, according to a statement issued on the Tallinn Stock Exchange (TSE). The change has also been made to the TSE trading system. 17,700,000 shares of AS Järvevana were t ...


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