PracticeAuditDeloitte on team to sell Equitable

Deloitte on team to sell Equitable

Deloitte has been asked help prepare Equitable Life for sale.

The
firm
will work alongside law firm
Lovells
and boutique investment bank Lexicon to gather data and information for
potential bidders.

According to the Daily Telegraph an information room for potential buyers is
likely to be opened early next year.

Equitable
will go on sale after receiving advances from a calls form interested parties.

At its height the life assurer was worth £26bn but currently has just £7bn of
assets under management.

Equitable famously launched a failed £1bn claim against its former auditors
Ernst & Young over its catastrophic collapse in 2000.

Equitable
case flawed from start to finish

Triumphant
E&Y says no disciplinary case to answer

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