In response to market hypothesis, ANZ has confirmed in an announcement to the ASX, that it’s in discussions with Kohlberg Kravis Roberts & Co. (KKR) a couple of potential acquisition of MYOB.
ANZ and KKR are but to achieve settlement in relation to the acquisition and there’s no certainty it can proceed.
MYOB is considered one of Australia’s main suppliers of enterprise administration, monetary and accounting options for SMEs, Enterprise and Accounting Observe prospects.
Ought to the transaction proceed it will be topic to regulatory approvals, together with from the Australian Competitors and Client Fee and the New Zealand Abroad Investments Workplace.
ANZ has mentioned it can make an announcement to the market if the negotiations are efficiently accomplished and an settlement is entered into.
