From The Next Web · Cristian Dina · · 1m 10s
Accenture explores sale of China business for up to $1.5bn
The consulting firm has hired JPMorgan to review its Greater China unit after unsolicited interest, as Western advisers face mounting pressure in the country.
In brief
The consulting firm has hired JPMorgan to review its Greater China unit after unsolicited interest, as Western advisers face mounting pressure in the country. Accenture is exploring a sale of its Greater China business valued at up to one point five billion dollars, with JPMorgan running the strategic review…
Accenture explores China sale
Accenture is exploring a sale of its Greater China business, which could be valued at up to one point five billion dollars, the Financial Times reported.
JPMorgan hired to review unit
The consulting firm has hired JPMorgan to run a strategic review of the unit, following unsolicited interest in the business over the past year.
Western advisers under pressure
The move reflects wider pressure on Western advisers in China. Several, including McKinsey, have scaled back there as tighter Chinese security rules limit sensitive data leaving the country.
Sale could fund growth plans
Money from a China sale could help Accenture pay for about eight billion dollars of acquisitions planned for fiscal twenty twenty-seven and at least nine point five billion dollars returned to shareholders.
What to remember
Accenture is exploring a sale of its Greater China business valued at up to one point five billion dollars, with JPMorgan running the strategic review.
