IT consulting firm Accenture is looking to sell its Chinese operations for up to $1.5 billion, the Financial Times reported on Sunday, citing people familiar with the matter.
Reuters could not immediately verify the report. Accenture has hired JPMorgan to work on a strategic review of the China business after receiving unsolicited interest in the unit over the past year, the report added.
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Accenture and JPMorgan did not immediately respond to Reuters’ request for comment outside regular business hours. The sale process is likely to draw interest from private equity groups and a small cluster of strategic buyers, the report said.
Accenture may opt to retain a significant minority stake in the business, the report added. Accenture’s Greater China operations include Taiwan, Hong Kong and mainland China, according to its website.
The consultancy firm recently forecast full-year 2027 revenue growth between 3% and 6%, above analysts’ estimates.