Fisher & Paykel Appliances [NZX:FPA] is considering selling its finance business, saying it has received a number of unsolicited offers in the past few years.
FPA says after an internal review it has affirmed its main focus is on manufacturing and selling whiteware appliances.
Fisher & Paykel Finance has been operating for more than 30 years and has performed consistently well, the company says. Its portfolio includes Farmers Card and Q Card businesses.
FPA will now assess the level of potential interest in the business.
Chief executive John Bongard says the time is right to investigate the company's options given the expectation of market consolidation in the finance sector.
"However we will only divest the business if offers exceed our internal value expectations," he says.
Deutsche Bank AG is advising the company on the process.
