If the deal goes through, Allegro will set up the new firm as a corporation, not a partnership, according to a source not authorised to speak with media. Ownership will be split between Allegro and the former PwC partners, although the exact split was not known, the source said.PwC said the divestment represented around 20 per cent of its revenue for fiscal 2023. The firm made A$3 billion in revenue last financial year.
The deal attempts to insulate the firm's government consulting business and rebuild trust with the many departments and agencies that have frozen the firm out of new work.
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