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A handful of potential bidders are circling the finance unit New Zealand appliance manufacturer Fisher & Paykel Appliances.
Chief executive John Bongard said Fisher & Paykel Appliances sent an information memorandum about the financier to over 10 credible "interested parties" last Friday.
The deadline set for indicative offers is 13th February, 2008 and final bids are due late March.
Fisher & Paykel Appliance in November announced that it was undergoing a strategic review of the finance business. "We are extremely pleased with, not only the number, but also the quality of interested parties that have approached us," Mr Bongard said in a statement.
"The level of interest has certainly justified our decision to investigate the possible sale of this business."
Fisher & Paykel Appliances shares fell 2 cents, or 0.6 per cent, to $3.36 at 3pm local time.
