ADVERTISEMENT

Big Four

EY took on $700m in debt for failed business split

The outlet reported that EY has told partners that the sum borrowed for Project Everest will ‘almost entirely’ be paid off by July of this year

ADVERTISEMENT

EY reportedly borrowed more than $700m (£558m) in order to help finance the plans for its failed attempt to split its consulting and accountancy arms, according to new accounts first seen by the Financial Times.

Show More
Back to top button