Private-equity firm

Kohlberg Kravis & Roberts

is considering scrapping its plan to list in New York, the

Financial Times

reports, citing people familiar with the matter.

KKR had planned to merge its operations with its Euronext-listed KKR Private Equity Investors affiliate and then list the whole operation on the

New York Stock Exchange

.

But it is now holding talks with a shareholder of KPE about another arrangement, in which the merger would occur without a New York listing, at least for the time being, the newspaper reports.

The new arrangement could involve altered terms for the deal under which KPE shareholders would receive stakes in the combined entity, the

Financial Times

reports.

In such a deal, shareholders of KPE would receive a percentage of the combined entity and would remain listed on the Amsterdam stock exchange, the

Wall Street Journal

reports. Then, at some point the entity could move to the NYSE.

"We and the KPE Board continue to evaluate the advisability of the transaction," said a KKR spokesman in a statement, the

Journal

reports. "There can be no assurance as to whether or when the transaction will be completed."

KKR reported a $1.2 billion loss for 2008.