Empresaria Group increases stake in PT Monroe

26th Jun 2015 08:49

Staffing company Empresaria Group has agreed to increase its stake in PT Monroe by a further 10% for £0.3m.The deal means AIM-listed Empresaria now holds a 90% stake in PT Monroe, which specialises in executive search in Indonesia across a number of 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 £1.2m and profit before tax of £0.5m.Empresaria shares were down 1.31% to 64.15p at 09:14 on Friday.