Thornton American grant and the United Kingdom compete for the German sister company

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Grant Thornton’s work in the United Kingdom and American to take over its German sister company, in the race to camouflage the private stocks to secure a larger share of the global network of the Accounting Company.

Grant Thornton Germany is reviewing bids from Grant Thornton Us and Grant Thornton UKAccording to people, they are aware of the conversations.

Competition for a new dynamic between companies after their last injection of private capital. Grant Thornton He was on the acquisition of the acquisition After selling the majority share to the New Mountain Capital last year, the majority of the special shares of an accounting company.

She agreed to purchase the Irish network for the network in October and also tried to obtain Grant Thornon in the United Kingdom, but it was rejected when its sister company sold the majority share of the European Berenout Cinven Group, as it opened a competitive tension between American and British companies when seeking to expand.

People close to both sides said that discussions on German businesses seem to be repeated in competitions for other national companies. Grant Thornton companies in Spain and India also indicated that they are open to obtaining them, according to three people who are aware of this issue.

When calling the comment, India’s arm in India, known as Grant Thornton Bahrat, said it is open to discussions. “We are open to obtaining a financial interest in our American or United companies when their right stock owners resolution,” said CEO Fishish Chandiok. Grant Thornton did not respond to a request for comment.

The American Grant Thornton has already reached deals for the purchase of members of members in the United Arab Emirates, the canal, Luxembourg and the Netherlands, after the United Kingdom Grant Thornon expressed its interest in acquiring the first two, according to two people familiar with the matter.

worldwide Accounting companies Unlike multinational companies – they are usually organized as a network of locally owned companies that share a joint brand and agree to adhere to a common range of quality standards.

Special shares have reshaped the sector, as one in three of the three most important American companies sell to the financial buyer within four years. While many of these companies sought to integrate with other American accounts, Grant Thornton Us was the first to start offering their international sister companies.

Two people said that it provides member companies access to the profitable US market and the large American multinationals, adding that they were also benefiting from the first engine feature.

But other companies may prefer to agree to connect the Grant Thornton, the United Kingdom instead of becoming a subsidiary of a large American group with the least clear synergy.

“As the two largest members of the Grant Thornton International Network, British companies and the United States remain closely aligned and are committed to the broader growth of the network,” said Grant Thornton in the United Kingdom.

He added that he will not comment on “the strategic options made by member companies or the options they explore.”

The United States said that it continued to “cope closely with Grant Thornton, the United Kingdom and the broader network, which we respect strongly.”

Grant Thornton Germany refused to comment. The GT Channel and GT UAE are not answered for suspension requests.