The process of sale of shares of the group Caixa Geral de Depósitos in insurance companies such as Fidelidade, Multicare and Cares was approved by Decree-Law n.º 80/2013 of the 13th of June. The basic model of this privatization consists in the direct sale of the shares to investors of reference, nationals or foreigners, or to one or more interim purchaser’s subject to the obligation of the same to sell shares to reference investors. In the case of Fidelidade, there will also be made a Public Sale Offer to the workers in a maximum of 5% of the share capital of the company. Each of the concerned insurers may be sold to different entities or to the same entity, and in equal or different ratios. The final terms and concrete operations necessary to fulfill this privatization will be established by resolution of the Council of Ministers, with the revenues obtained applied exclusively in Caixa Geral de Depósitos.