ANZ Australia And New Zealand Banking Group Limited

By Stuart Condie

SYDNEY--Australia and New Zealand Banking Group Ltd. is in talks with KKR & Co. for the potential acquisition of the U.S. private equity company's MYOB accounting platform.

ANZ on Wednesday said that it had yet to reach agreement with KKR and that there was no certainty that a deal would proceed.

Any acquisition of MYOB, which is used by accountants and small- and medium-sized enterprises, would be subject to approvals including from Australia's competition regulator and New Zealand's foreign investment regulator, ANZ said.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

July 12, 2022 20:22 ET (00:22 GMT)

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