Deloitte Eyeing Russian Expansion
The British division of Deloitte is considering a situation where it can acquire its Russian counterpart. The move is aimed at streamlining the European operations of the firm.
The Times today reported that if the takeover does happen, it would see the British arm of Deloitte absorbing about 3,000 of the firm’s staff in Russia and eight other former Soviet countries, which includes Ukraine and Kazakhstan.
This move has come from the British arm of the firm.
In the year 2006, the decision had been taken to allow the British arm of Deloitte to take over its Swiss counterpart.
The Times further reports that the terms of the deal are being discussed by the British and Russian arms of Deloitte. It said that the terms, as of now, seem “unclear”.
The Times also reported that Deloitte refused to comment on the issue.
The firm’s business in the Commonwealth of Independent States is a separate legal entity though it works closely with the divisions based in other territories.
Its board in the Commonwealth of Independent States is chaired by Martin Eadon, who is a senior partner in London. Eadon may head the UK firm next year when the present Chairman retires.