Street Talk
Suncorp seeks to divest ACM Parts; hires adviser
Suncorp Group is considering options for its automotive parts supplier business, ACM Parts, Street Talk can reveal.
The insurance and banking giant has formally hired Deloitte Corporate Finance to oversee a strategic review for the division, sources said, which will consider a number of options including selling the business in its entirety.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
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