Acquisition of minority interest

RNS Number : 7897I

Empresaria Group PLC

08 July 2013

 



8 July 2013

Empresaria Group plc ("Empresaria" or the "Company" or the "Group")

Acquisition of minority interest in MediradiX subsidiaries

Empresaria, the AIM quoted staffing specialist, announces that, pursuant to a shareholders' agreement originally entered into on 21 December 2010, it has acquired a further nine per cent. of the issued shares of each of MediradiX Oy (Finland) and MediradiX OÜ (Estonia) (the "MediradiX Companies").  Following this acquisition Empresaria now holds 95.7 per cent. of the shares of both MediradiX Companies. The consideration, all payable in cash, is EUR 0.3m, of which EUR 50,000 is deferred for one year.

The MediradiX Companies specialise in the placement of doctors, dentists and nurses into hospitals and health centres on a temporary basis. In the year to 31 December 2012, the MediradiX Companies generated revenue of GBP 8.9 million and profit before tax of GBP 0.7 million.

For further information contact:  

Empresaria Group plc	01342 711430
Joost Kreulen, Chief Executive
Spencer Wreford, Group Finance Director
Altium (Nominated Adviser)	0207 484 4040
Tim Richardson
Allenby Capital Limited (Broker)	0203 328 5656
Nick Naylor/Mark Connelly

Notes for editors:

About Empresaria

·      Empresaria Group plc (AIM: EMR; Sector: Support Services, Staffing) operates in 18 countries with over 800 internal staffand has a strong focus on the development of emerging markets and speciality niche staffing sectors.

·      Empresaria Group plc applies a management equity philosophy and business model, with group company management teams holding significant equity in their own business.

 

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