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Friday, 29.03.2024, 00:47
Merko selling hotel in Vilnius for EUR 8.7 mln
UAB Merko bustas, part of the
AS Merko Ehitus group, and UAB Hekon, subsidiary of Orbis S.A., signed a sale-purchase
agreement on the sale of Ibis hotel developed by Merko bustas at 18 Rinktines Street in Vilnius, together with
parking places and part of the land plot. The sale price of the hotel is 8.7 mln
euros plus value added tax, Merko
told the stock exchange.
AS Merko Ehitus group
consists of Estonian construction company AS Merko Ehitus Eesti, the Latvian-market-oriented SIA Merks, UAB Merko Statyba that is operating on the Lithuanian market, Peritus Entreprenor AS construction company in Norway and the real estate
development business unit along with real estate holding companies. As at the
end of 2017, the group employed 755 people and the company's 2017 revenue was
317.6 mln euros with a profit of 6.1 mln euros.