Montepio says it may sell a majority stake in its insurance businesses

The Mutual Association Montepio Geral (AMMG) says it may sell a majority stake in Lusitania and Lusitania Vida, revealed the group’s chairman, Virgílio Lima, emphasising that it will only proceed with this process after impairments at the insurance companies have been recovered. “We have a set of impairments that date from the previous crisis period, which affected all entities and ...