EG Group’s auditor Deloitte has resigned just weeks after the petrol station giant’s co-founders sealed a £6.8bn deal to acquire Asda.
The big four accountancy firm has stepped down with immediate effect due to concerns over EG’s governance and internal control, according to the Financial Times.
EG Group, which was co-founded by Zuber and Moshin Issa and now owns around 6,000 petrol stations globally, reportedly sent a note to bondholders informing them that KPMG had been appointed as its new auditor following the abrupt resignation of Deloitte after four years in post.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.