Metcash is planning a $350 million-plus share market listing of their automotive division, appointing Citi to advise on a strategic review of their initial public offering (IPO) consideration.

The Metcash Automotive Network includes several franchises: Autobarn, Autopro, ABS and Midas.

In addition to their network the business includes an automotive aftermarket parts and accessories wholesale operation.

Their automotive division came to life through Metcash’s 2012 purchase of a majority stake in Automotive Brands group, which estimated to have been a cost of about $80 million, according to a Sydney Morning Herald report.

Metcash’s automotive division generated revenue of about $250 million in the year ending April 30, 2015.

If Metcash go ahead with an IPO it would create a separate Australian stock exchange (ASX) listing, which will allow Metcash to invest proceeds in their balance sheet and their core businesses.