Andersen in Central European talks with KPMG
KPMG is in talks with beleaguered Andersen over a possible merger of their central and eastern European practices, which they hope will be completed by October this year.
The move will not be a merger of equals as KPMG is represented in 16 countries while Andersen only has offices in six, including the Czech Republic, Slovakia and Romania.
Richard Ebling, chairman of KPMG’s central and eastern european operations, said: ‘We have agreed to work together to try to seek a combination of our businesses in our region for the sake of the clients and staff.’
The merged firm would initially operate under the KPMG banner, but would possibly change its name following market research.