The consulting arms were sold to Atos Origin SA on 16 August 2002 in a transaction valued at ? ¬657m (£454m), which was paid in a combination of cash and instruments convertible into shares of Atos Origin SA. The deal created a top five European IT consultancy, with fees of £2.4bn.
Those instruments were converted into shares on August 16th, 2003 and a total of 1,871,359 shares were privately placed.
At the time of the transaction, KPMG committed to the SEC that it would dispose of the shares within 3 years of the date of the transaction.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice