Grupo Espirito Santo has made a request for proposals to buy 100% of its Tranquilidade insurance unit, Jornal de Negocios reports, without saying how it obtained
the information.
* Final offers have to be handed in during the second half of
July: paper
* Ricardo Salgado, chairman of holding co. Espirito Santo
Financial Group, had said in February that only a minority
stake would be for sale: paper
* List of candidates to buy Tranquilidade includes Apollo
Global Management, JC Flowers, TPG Capital and an
unidentified international insurance group: paper