Acquisition of Minority Interest

RNS Number : 8079Z

Empresaria Group PLC

01 June 2016

 

1 June 2016

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

Acquisition of Minority Interest 

Empresaria, the international specialist staffing group, announces that on 31 May 2016, pursuant to a shareholders' agreement originally entered into on 13 May 2013, it acquired a further 10 per cent. interest in the issued shares in Monroe Consulting Group Co. Ltd (Thailand) ("Monroe").  Empresaria now holds a 70 per cent. interest in Monroe.  The consideration, payable in cash, is £0.2 million.

Monroe specialises in executive search in Thailand, 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 2015, Monroe generated revenue of £1.3 million and profit before tax of £0.4 million.

Enquiries:

Empresaria Group plc Joost Kreulen, Chief Executive Officer Spencer Wreford, Group Finance Director	via Redleaf Communications
Arden Partners (Nominated Adviser and Broker) John Llewellyn-Lloyd / Steve Douglas / Ciaran Walsh	020 7614 5900
Redleaf Communications (Financial PR) Rebecca Sanders Hewett / Sarah Fabietti / Harriet Lynch	020 7382 4730 [e-mail]

Notes for editors:

·      Empresaria Group plc is an international specialist staffing group with 19 brands operating in 18 countries across the globe including UK, Germany, Japan, India, UAE, Indonesia, Chile, Australia, Thailand, Singapore, Finland, USA and the Philippines.

·      The group offers temporary and permanent staffing solutions as well as Offshore Recruitment Services in six key sectors including Technical & Industrial, IT & Design, Professional Services, Healthcare 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.

·      Empresaria is listed on AIM under ticker EMR. For more information: empresaria.com

 

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