Link: Shell fiasco haunts KPMG
Details of the merger were unveiled yesterday, and have been worked on for six months by four big investment banks alongside Shell’s team of lawyers, accountants and advisors.
Investors welcomed the long-awaited restructuring, which will see the new, unified company run from the Netherlands by a Dutch chairman and a Dutch chief executive.
The overhaul was forced on Shell by pressure from investors after the reserves scandal which broke in January.
The merger will create a unified business with a stock market value of £105bn – making it the second-biggest company on the London market.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team
Carolyn Brown appointed as the first head of client legal services practice RSM Legal