Newly Listed UK Audit Firm MHA to Buy Peer in European Region

MHA, the UK arm of the international Baker Tilly accounting firm network, is buying its sister firm covering southeast Europe after listing on the London stock exchange to raise expansion capital.

MHA agreed to buy Baker Tilly South East Europe for about €24 million ($27 million), the firm said Wednesday.

MHA is the UK’s 13th-largest accounting firm. It recently raised £98 million ($130 million) by listing on the London stock exchange April 15, with much of the money earmarked for acquisitions as it looks to become a top-10 firm.

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