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Firstmac up for sale in $500 million auction

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Australian Broker | 20 Jun 2016, 08:00 AM Agree 0
A well-known non-bank lender will be put under the hammer with Goldman Sachs hired to find a strategic investor or buyer for the company
  • Steve | 20 Jun 2016, 11:39 AM Agree 0
    $500 Mill sale price is absurd If profit is $20 Mill pa - wouldn't even cover the interest bill, let alone a decent return on investment. It also raises the question, as to whether a purchaser could sustain the low rate margins of & Firstmac borrowers.
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