Fisher & Paykel Appliance Holdings, the Auckland-based manufacturer and consumer credit company owned by China's Haier Group, is considering selling its finance operations after being approached by potential buyers.
The company has appointed First NZ Capital to "assess potential options" for the future of its finance arm "in response to recent market interest", and had already fielded several inquiries regarding its long-term plans for the business, it said. The finance business includes the QCard and the Farmers Finance Card.
"Buyer interest in financial institutions is presently very strong," said chairman Keith Turner.
"Whilst FPAH is happy to continue to own FPF and support its ongoing development, it is very possible a change in ownership may be a better option."
Last month the company reported it narrowed its full-year loss in calendar 2014 to $12.6 million, from a loss of about $31 million a year earlier, after sales growth across all its markets drove a 46 per cent gain in revenue to $1.13 billion.
