Deloitte, the ‘big four’ accountancy firm, has begun secret talks about the sale of its UK restructuring division, even as the coronavirus pandemic triggers a deluge of corporate insolvencies that should fuel a surge in its profitability.
Sky News has learnt that Deloitte has been in talks with the executives running its restructuring unit about allowing them to approach prospective backers of a management buyout.
City sources said that any such deal could come with a price tag of several hundred million pounds.
A sale process, which is expected to be confirmed in the coming days, would provide the starkest evidence to date of the impact that impendin…
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