Accenture reviews China business after buyer interest

Accenture is reviewing its Greater China business after receiving unsolicited interest in the unit, with the operations potentially valued at up to $1.5 billion, according to a report based on people familiar with the matter. The review may not lead to a sale, and no transaction has been confirmed. Accenture has hired JPMorgan to conduct a strategic review of the business following interest over the past year, the report said. Private equity groups and a small number of strategic buyers could be interested, and Accenture may retain a significant minority stake to support continuity for clients, according to the same account. The reported valuation is a possible value for the Greater China operations, not an agreed sale price. Accenture and JPMorgan had not immediately responded to requests for comment, and the account could not be independently verified at the time it was reported. Accenture’s Greater China operations encompass mainland China, Hong Kong and Taiwan, according to the company’s website. The potential review concerns those operations; the available reporting does not specify which assets or business lines might be included in a transaction. The review comes as...