Interested parties are expected to submit their bids today for automotive parts supplier ACM Parts and crash repairer Capital Smart Repairs, two Suncorp-owned businesses that may be sold pending the outcome of a strategic review.

Suncorp declined to deny or confirm that it is expecting such bids, which The Australian Financial Review reported today in its StreetTalk column.

CEO Steve Johnston had told an earnings briefing last month the business expected to complete the Smart strategic review in the first half of the current financial year.

A spokesman told insuranceNEWS.com.au today that remains on track as the insurer “remains committed to return to shareholders any capital that is excess to the needs of the business”.

The spokesman did not address the query on ACM Parts.

The Financial Review’s story says the sale of the two businesses, if it does progress to that stage, will not materially affect the Queensland-based financial services group’s earnings or balance sheet.

As with most stories in the StreetTalk column, no named sources were cited in the Suncorp article.