French network Havas Advertising yesterday announced the merger of its recruitment operations with independent Belgian headhunter EMDS, scheduled for March.

The combined company, in which Havas will hold a 66% stake, has around 65 million euros in pro-forma 2000 turnover, and is estimated to have a growth rate of at least 35%, said Havas in a statement yesterday. Commented Havas’ finance director Alain Camon: “The profitability of these activities is above the average for the Havas Advertising group”.

News Source: CampaignLive (UK)