Insurance group Britam Holdings #ticker:BRIT plans to sell part of its 48.2 percent stake in mortgage financier HF Group #ticker:HFCK to one of the country’s big banks as part of a review of its investment portfolio.
A director of Britam, which last week scrapped nine top executive positions, told Business Daily that a transaction adviser has been hired to guide the process, which is expected to be completed by the end of the year.
