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 ...
Montepio mutual admits it may sell part of insurer Lusitânia
“We don't need 100% ownership to operate in insurance,” assures the president of the Montepio Geral Mutual Association.
