Acquisition of minority interest

RNS Number : 2930R

Empresaria Group PLC

26 June 2015

 

26 June 2015

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

Acquisition of minority interest in PT Monroe Consulting Group (Indonesia) ("PT Monroe")

Empresaria, the international specialist staffing group, announces that, pursuant to a shareholders' agreement originally entered into on 16 April 2009, it has increased its interest in the issued shares of PT Monroe by a further ten per cent.  Empresaria now holds a 90 per cent. interest in PT Monroe.  The consideration, payable in cash, is £0.3 million.

PT Monroe specialises in executive search in Indonesia, targeting the consumer goods, health, industrial, professional and technology industries and forms part of the broader Monroe brand servicing clients across South East Asia and Central and Southern America. In the year to 31 December 2014, PT Monroe generated revenue of GBP 1.2 million and profit before tax of GBP 0.5 million.

Enquiries:

Empresaria Group plc Joost Kreulen, Chief Executive Officer Spencer Wreford, Group Finance Director	via Redleaf
Shore Capital (Nominated Adviser and Broker) Bidhi Bhoma / Edward Mansfield	020 7408 4090
Redleaf PR (Financial PR) Rebecca Sanders Hewett / Rachael Brown	020 7382 4730 [e-mail]

Notes for editors:

§ Empresaria Group plc is an international specialist staffing group with 18 brands operating in 18 countries across the globe including UK, Germany, Japan, Indonesia, China, India, Chile, Thailand, Singapore, Finland, UAE and Australia.

§ The Group offers both temporary and permanent staffing solutions in several sectors including Financial, IT Digital & Design, Technical & Industrial and Retail.

§ Empresaria applies a multi brand, management equity philosophy and business model, with Group company management teams holding significant equity in their own business.

§ The Group is listed on AIM under ticker EMR. For more information: http://www.empresaria.com/

 

END

 

 

ACQPKPDBFBKDFAB