Andersen Polska seeks merger to avoid parent's problems
With the US parent company facing possible bankruptcy, the management of
Andersen's Polish unit has admitted that it is in talks with a number of
global auditing companies, with the aim of agreeing a merger. "We are
looking for the best solutions, which have the purpose of ensuring that the
company continues functioning. We do not exclude talks at the European or
the local level," said Andersen Polska spokesman Bartlomiej Pawlak. In an
interview with Rzeczpospolita Pawlak admitted that the president of Andersen
Polska, Duleep Aluwihare, is already involved in talks about a possible
merger in Poland. Andersen Polska's standing on the Polish market is
believed to be strong, since it services a number of leading companies and
has gained their confidence. However, American lawyers acting on behalf of
the victims of the Enron scandal claim companies currently operating under
the Andersen name would not be exonerated from responsibility if they broke
their links with Andersen. (Prawo i Gospodarka, p. 2; Rzeczpospolita, p. B4)
P.W.