Ringier takes over Romanian job portal
Ringier has acquired a majority stake in Ejobs Group S.A., the operator of Romania's largest online job portal, Ejobs.ro. In January 2012, eJobs recorded over 1.7 million unique visitors per month.
Since its launch in 1999, Ejobs.ro has been the market leader among Romanian job portals. With the acquisition of Ejobs, Ringier Romania is following the global corporate strategy of expanding the digital business sector, according to a Ringier release on Friday. The focus is particularly on transaction-based online sales.
Ringier acquires 70 percent of the shares in the Ejobs Group. This package consists of the majority of shares currently owned by the two local eJobs founders, Liviu Dumitrascu and Daniel Tatar, as well as the shares of a financial investor. After the transaction is completed, the two founders will remain in the company as minority shareholders, Ringier added in the statement. In addition, they will continue to be involved in the business of eJobs.ro as executives.
