Andersen UK assets set for Deloitte transfer
Deloitte & Touche is today expected to receive the green light from European regulators to transfer over the UK assets of defeated firm Andersen into its business.
The move is likely to be given the go-ahead by the European Commission despite concerns about the potential competition impact of the Big Five becoming the ‘Final Four’.
If the deal is completed, Deloitte will become the second largest accountancy firm, as reported in the latest Accountancy Age Top 50 league table, released last week.
A block on the deal is unlikely as parts of the Andersen business will be digested by rival firms whether or not the deal takes place.