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Warsaw-based Andersen Business Consulting (ABC) is merging with the Polish branch of Deloitte and Touche, which will create the largest management consulting group in the country.

ABC was built on the foundations of the global financial advisory concern Arthur Andersen. Just a few months ago the company was considering an IPO on the Warsaw Stock Exchange, which was expected to bring in some zł.20 million for investments, but the merger option has prevailed. ABC has now suspended its plans to debut on the bourse.

"We already have an agreement. We are working on formal issues. The merger process will take another two, three months," ABC president, Dariusz Nachyła, told Puls Biznesu.

Other divisions of ABC in the United Kingdom, Germany and Belgium have already successfully completed the same step. The merger will lead to the creation of Deloitte Business Consulting.

"Andersen BC will join the global Deloitte consulting network, which is the biggest network of this type operating in the form of a partnership. It operates in a market worth EUR 6 [zł.23.9] billion. Deloitte, on the other hand, is going to strengthen the Polish arm of consulting as its position on the market didn't correlate with Deloitte's position in the global market," Nachyła explained.