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.

1996   1998

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Price Waterhouse

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Coopers & Lybrand

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