KPMG is poised to advise Siemens, Germany's largest consumer electronics group, on the auction of its car parts unit, in a move that would give KPMG's UK-based corporate finance unit a significant boost in the German mid-market.

Analysts are predicting that the potential sale price of Mannesmann Sachs, Siemens' car-parts unit, will be up to €1.6bn ($1.4bn). This would be one of KPMG's largest German mandates.

KPMG to advise Siemens on auction of car-parts unit

James Rossiter

Siemens

BlackRock’s plan to democratise private credit could backfire

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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A weekly call turned into a celebration of heroes as staffers comfort one another through lingering trauma.

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Big stock awards have grown much bigger for the chief executives of Palantir and Broadcom, driven by dramatic market gains and, in some cases, complex multipliers.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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