SRV GROUP PLC STOCK EXCHANGE RELEASE 20 DECEMBER 2023 14:00 EET
Change in SRV Group Plc’s Corporate Executive Team
Jussi Tuisku, SVP of SRV's operations in Russia and Estonia, will leave the company's corporate executive team as of December 22, 2023. However, Tuisku will continue to work for the company, focusing on the sale of SRV's only remaining Russian asset, the 50 per cent holding in the Pearl Plaza shopping centre in St Petersburg.
SRV has actively pursued the aim of exiting its operations in Russia since spring/winter 2022. In November 2022, SRV and its Finnish co-investors announced that they had sold their holdings in Okhta Mall shopping centre in St. Petersburg. In August of this year, the company announced that it had sold the entire share capital of its subsidiary SRV Russia Oy. SRV's last asset in Estonia, the plot holding in Hüüru, was sold in December.
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SRV in brief
SRV is a Finnish developer and innovator in the construction industry. We are building a more sustainable and responsible urban environment that fosters economic value and takes the wellbeing of both the environment and people into consideration. We call this approach lifecycle wisdom. Our genuine engagement and enthusiasm for our work comes across in every encounter – and listening is one of our most important ways of working. We believe that the only way to change the world is through discussion.
Our company, established in 1987, is listed on the Helsinki Stock Exchange. We operate in growth centres in Finland. In 2022, our revenue totalled EUR 770.1 million. In addition to approximately 1,000 in-house staff, we have a network of around 3,800 partners.
SRV – Building for life