BROUGHER &lt;BIGI> TO SELL 40 PCT OF SUBSIDIARY

  Brougher Insurance Group Inc
  said it plans to sell 40 pct of the stock of its subsidiary,
  Intercontinental Corp, for one mln dlrs to three European
  insurance companies.
      The parent company said it signed a letter of intent to
  sell the stock to &lt;WASA Europeiska Forsakrings AB> of Sweden,
  &lt;Europeiske Reiseforsikring A/S> of Norway, and &lt;Europeiska
  Rejseforsikrings A/S> of Denmark.
      Brougher said it expects to realize a net after-tax gain of
  approximately 330,000 dlrs, or 12 cts per share, from issuing
  stock of Intercontinental.
  

