Accenture Considers $1.5 Billion Sale of Chinese Operations

Consultancy giant Accenture is exploring the potential sale of its Chinese business operations for up to $1.5 billion. The company has hired JPMorgan to conduct a strategic review of its Greater China unit after receiving unsolicited interest over the past year, as reported by the Financial Times. The review may not necessarily lead to a transaction, but private equity groups and strategic buyers are expected to show interest in the sale. Accenture’s Greater China operations cover mainland China, Taiwan, and Hong Kong, and the firm’s wider Asia-Pacific business generated around $10 billion in revenues last year. The decision to potentially…