Empresaria Group increases shares in PT Monroe Consulting Group by 10%
Empresaria now holds 90% of PT Monroe's shares. 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.