Brief: Merko Ehitus Terminates Construction Contract Of EUR 8.9 Million

Merko Ehitus AS

13/12/2021 14:04

Dec 13 (Reuters) - Merko Ehitus AS  MRK1T.TL :
    * SAYS CONSTRUCTION CONTRACT BETWEEN COMPANY AND GVP INVEST
ESTONIA WAS TERMINATED BY AGREEMENT OF THE PARTIES
    * SAYS AFTER COVID-19 PANDEMIC STARTED THE CHANGING
SITUATION ON
THE CONSTRUCTION AND ACCOMMODATION MARKETS DID NOT FAVOR
STARTING THE CONSTRUCTION WORKS UNDER THE TERMS OF PENDING
CONTRACT
    * SAYS CONTRACT VALUE WAS ABOUT EUR 8.9 MILLION PLUS VAT THE
BUILDING WAS SCHEDULED TO BE COMPLETED IN DEC. 2021

Source text for Eikon:  ID:nGNE25jhhj 
Further company coverage:  MRK1T.TL 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))