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KKR Eyes Over A$4 Billion Value for MYOB in ANZ Talks, Sources Say

  • ANZ confirms Bloomberg News report; says no agreement yet
  • Buyout firm took MYOB private in A$2 billion deal in 2019
Updated on

Australia & New Zealand Banking Group Ltd. is in talks with KKR & Co.-backed MYOB Group Ltd. about an acquisition of the Australian accounting software business.

ANZ and KKR “are yet to reach agreement in relation to the acquisition and there is no certainty it will proceed,” the bank said in a statement Wednesday. That followed an earlier Bloomberg News report that the parties were in advanced discussions for a deal that could value MYOB at more than A$4 billion ($2.7 billion).