Ringier took over 70% of Ejobs Group S.A. The package includes a large part of the shares owned by the two local founders of eJobs, Liviu Dumitrascu and Daniel Tatar, as well as the entire stake owned by a financial investor. Dumitrascu and Tatar will be minority shareholders.
Following the transaction, whose value has not been made public, Ringier Romania increases its market share on the digital segment.
eJobs.ro was launched in 1999. According to data valid for January 2012, eJobs.ro, launched in 1999, registers more than 1.7 million visitors monthly.
“Ejobs is a profitable company and the transaction will consolidate Ringier’s position on the Romanian online market,” said Ringier Romania general manager Mihnea Vasiliu.
Ringier Romania started operations in 1992 and is leader on the publishing market. It employs about 400 people.