Alma Media acquires ownership of North Macedonia’s leading online recruitment service

Alma Media Corporation                            Press Release                          7 June 2023

ALMA MEDIA ACQUIRES OWNERSHIP OF NORTH MACEDONIA’S LEADING ONLINE RECRUITMENT SERVICE

Alma Career Ltd has agreed to acquire a 70 per cent stake in Vrabotuvanje Online, North Macedonia’s leading online recruitment service. Tau Online, part of the Alma Media Group, already owned 30% of the company, so Vrabotuvanje Online will become fully owned by the Alma Media Group. The transaction is subject to the approval of the Commission for the Protection of Competition in North Macedonia and the transaction will only be completed after that approval.

The job portal Vrabotuvanje.com.mk was established in 2003 and belongs to Vrabotuvanje Group. The portal has hundreds of thousands of weekly visitors and its employees are placed in Skopje. Vrabotuvanje Online’s net sales were EUR 0.5 million in 2022. The two sides have agreed that the purchase price will not be published.

The collaboration between Tau Online, its Croatian recruitment service MojPosao and Vrabotuvanje Group will enable Vrabotuvanje.com.mk to further strengthen its market position in the North Macedonian labour market.

– Alma Media builds sustainable business growth using the possibilities of digitalisation: by seeking, among other things, growth in digital services and internationalisation, especially in the recruitment business. Alma Media has online recruitment services in ten European countries and most of the services are market leaders in their respective regions. In addition, we own a minority stake in the recruitment service in Serbia. We believe that North Macedonia’s national economy will grow and competition for the workforce will continue to intensify in the coming years, says Vesa-Pekka Kirsi, Senior Vice President, Alma Career.

For further information, please contact:

Vesa-Pekka Kirsi, Senior Vice President, Alma Career, tel. +358 (0)10 665 2587 

Alma Media in brief

Alma Media is an international company of digital media, marketplaces and services with a strong capacity for renewal. We inspire human curiosity and choice by creating services that combine technology and content with a local heart. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Jobly, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.

In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for businesses and professionals. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.

Alma Media operates in 11 countries in Europe and employs approximately 1,700 professionals. Alma Media’s revenue from continuing operations was EUR 309 million in 2022 of which the share of digital business was 81%. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.

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