US investor Entrepreneur Equity Partners has agreed to buy a minority stake in Portuguese football club Benfica at a steep premium, according to a person familiar with the matter.
José António dos Santos, Benfica’s second-largest shareholder, together with his family’s poultry producer Grupo Valouro, agreed to sell his 16.38% stake for about €10-11 per share on April 23, the person said. At the upper end, the price is about 70% higher than the prior day’s close of €6.46.
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