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ANZ walks away from buying KKR’s accounting software firm MYOB

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Published Mon, Jul 18, 2022 · 06:55 AM
    • ANZ Banking Group said on Monday that it withdrew from talks with private equity giant KKR & Co to buy software firm MYOB Group.
    • ANZ Banking Group said on Monday that it withdrew from talks with private equity giant KKR & Co to buy software firm MYOB Group. PHOTO: REUTERS

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    AUSTRALIA and New Zealand Banking Group said on Monday that it withdrew from talks with private equity giant KKR & Co to buy software firm MYOB Group, in a deal that local media had pegged at over A$4.5 billion (S$4.3 billion).

    In a separate announcement, the bank said it will buy insurer Suncorp Group’s banking operations for A$4.9 billion. REUTERS

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