Wednesday, June 21, 2006

PricewaterhouseCoopers in LatAm Hot Salsa

PricewaterhouseCoopers LLP appears to be getting into a little bit of Latin American hot sauce, following their Japanese misadventures which landed them into miso soup

Carrefour SA, the French retailer is suing PwC and Argentine Exxel Group for purported fraud when it bought Supermercados Norte SA from Exxel in April 2001. Carrefour says it overpaid
Exxel by nearly $120 million when it bought the 49% of Norte that it did not own earlier for $252 million....indicating the price paid should have been $132 million...

1 comment:

Anonymous said...

Are there any updates on this story?