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
