First City Financial Ltd

May 18, 2006 04:01 ET

Empresaria Indian acquisition marks further step in international growth strategy

LONDON, UNITED KINGDOM--(CCNMatthews - May 18, 2006) -

AiM-quoted international recruitment group Empresaria (EMR) has taken another key step to broaden its presence in overseas markets.

It has acquired a 25% stake in a specialist Indian staffing business Interactive Manpower Solutions Private Limited (IMS) which specialises in placing temporary and permanent staff, and outsourcing human resources functions.

Empresaria paid approximately GBP 500,000 for the stake, and will invest an additional GBP 350,000 to fund further expansion of the business. It has an option to increase its shareholding to 67.5%.

Please click on the link(s) provided.

For further information, please reply to Chloe Scaplehorn

Contact Information