1997
Price Waterhouse
PW carries out a series of Due Diligence projects and privatisation consultancy for foreign investors seeking to acquire three Romanian producers in the automotive (Peugeot - ARO Câmpulung Muscel), agro-industrial chemistry (Nitramonia) and industrial products (Koyo Seiko - Bearings Alexandria) sectors.
PW assists Connex Mobifon in the auction for obtaining mobile phone licences. PW subsequently becomes an auditor for Mobifon.
PW provides audit services to BAT, the third international group to enter the Romanian tobacco market.
Coopers & Lybrand
In a first for the Romanian market, C&L launches business recovery and insolvency services (Business Recovery Services). In the following years, the company carried out projects for the voluntary liquidation of some state-owned enterprises and offers assistance in the first bankruptcy processes in Romania.
C&L performs the operational audit of the National Bank of Romania.
Within a PHARE project, C&L participates in a consulting project for CONEL.
C&L performs bank audits for Citi, ABN-Amro, ING and Unicredit.
Price Waterhouse
Coopers & Lybrand
