Deal done for under-fire PwC government consulting arm
The $1 sale of PwC Australia's scandal-hit government consultancy arm is going ahead, paving the way for the transfer of 1750 employees to the buyer.
Source: sheppnews.com.au
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PwC unit sale fails to allay concerns, Australia senator says
The firm has already placed nine partners on leave and named four former partners directly involved in the breach. Read more at straitstimes.com.
Source: straitstimes.com
PwC aims to selling government consulting business to Allegro Funds
About 130 PwC partners and about 1750 staff from the firm’s embattled government consulting arm will join a new company codenamed Bell under the cut-price deal.
Source: afr.com
PwC scandal: Firefighter helmets on, PwC hands Allegro the hose
There’s no time to test a big list of suitors for their best price and terms. Allegro Funds is the first responder, best placed to put out the flames.
Source: afr.com
PwC scandal: Inside Project Bell, PwC's attempt to save itself
It had been four months, two weeks and five days since it emerged a former PwC partner had shared confidential government briefings. Something had to be done.
Source: afr.com