ANZ confirms acquisition discussions underway with MYOB

In a statement, the bank said it is yet to reach an agreement with KKR and there is no certainty the acquisition will proceed.

“Should the transaction proceed it would be subject to regulatory approvals, including from the Australian Competition and Consumer Commission and the New Zealand Overseas Investments Office,” ANZ said.

“ANZ will make an announcement to the market if the negotiations are successfully completed and an agreement is entered into.”

KKR and MYOB are yet to publicly comment on the matter.

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