Employment website Seek says it will pay a little over $US100 million ($A101.83 million) to grab a larger slice of its Latin American businesses from existing owners and management.

The company said on Tuesday it had moved to majority ownership of Brasil Online and Online Career Center Mexico SA de CV (OCC).

Seek chief executive Andrew Bassat said the two jobs websites were attractive businesses in growth regions.

“Our involvement with Brasil Online and OCC to date confirms our strong belief in the future potential for online employment advertising in Latin America,” Mr Bassat said in a statement.

“Our further investment is a great step to growing Seek’s exposure in this developing region.”

Seek said it would pay $US78.8 million ($A80.24 million) to increase its holding on Brasil Online from 30 per cent to 51 per cent.

The additional shareholdings would be purchased from Tiger Global (16 per cent) and James Packer’s investment company Consolidated Press Holdings (five per cent).

Meanwhile, Seek said would pay $US22.5 million ($A22.91 million) to go from 41 per cent to 57 per cent ownership of OCC, purchasing 12 per cent from Tiger Global and four per cent from existing management.

Seek International managing director Jason Lenga said both Brasil Online and OCC held market leadership positions in their respective markets.

Tiger Global would remain a “significant shareholder” in both businesses after the transaction was completed, Seek said.

At 1522 AEST, Seek was up 25.5 cents, or 3.97 per cent, at $6.68.

Seek operates three main businesses – the Australia and New Zealand jobs listings website, an education unit that offers teaching courses and student recruitment, and an international arm that holds Seek’s interests in offshore ventures.

Mr Bassat has said previously he believed Seek’s international businesses would over time displace Australia as the employment website company’s largest market.