HRNetGroup goes to Europe with 25% stake acquisition in UK firm

Amala Balakrishner
Amala Balakrishner8/5/2019 10:49 AM GMT+08  • 2 min read
HRNetGroup goes to Europe with 25% stake acquisition in UK firm
SINGAPORE (Aug 5): HRNetGroup is venturing into Europe via the acquisition of a 25.02% stake in UK-based Staffline for $46.1 million. Staffline is a workforce recruitment and training organisation serving both government and commercial customers in the
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SINGAPORE (Aug 5): HRNetGroup is venturing into Europe via the acquisition of a 25.02% stake in UK-based Staffline for $46.1 million.

Staffline is a workforce recruitment and training organisation serving both government and commercial customers in the United Kingdom and Ireland.

With the acquisition, HRNetGroup’s 24.89% voting right in Staffline makes it an associated company.

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