Banks to be briefed.
The most anticipated company listing in the appliance industry appears to be well underway. According to a report in The Australian newspaper today, four banks have now been invited to pitch for The Good Guys float and as reported earlier in Appliance Retailer, discussions about an acquisition with Steinhoff International are believed to be well underway.
It is estimated that the company is worth around $500 million.
The company has an annual turnover of around $2 billion and a network of 100 stores.