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.
HMRC breaches client confidentiality; and partner profits fall at EY. These stories and more discussed in Friday Afternoon Live
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
Six new partners have been revealed by top ten firm Mazars