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Deloitte Plans £2bn Buyout

The Sunday Times reports that Deloitte Consulting, the consulting arm of audit firm Deloitte & Touche, is planning a £2.1bn management buy-out which will solve the problem of separating the audit and consulting functions of the business.

The audit firm appointed Credit Suisse and Goldman Sachs in March to advise on the separation of the two units. Partners at Deloitte Consulting ruled out a stock market float as they prefer the business to remain under private control. They also feel that the market does not favour a float at the present time.

Deloitte currently employs 14,000 staff worldwide.

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