SEEK Limited
(ASX:SEK) is seeking to increase its ownership of two overseas job search websites.
SEEK currently owns 51% of Brasil Online, BUT will increase its stake to 100%. Brasil Online is the owner of ‘Catho’, the leading Brazilian job search website.
SEEK will also slightly increase its stake in ‘SEEK Asia’ – from 80.8% to 86.2%.
Factoring in these transactions, SEEK expects its preliminary FY2017 NPAT to be between $215 million and $220 million.
SEEK reported a net profit of $295.9 million at 31 December 2015.
