Benfica admits buying the shares that were involved in the frustrated operation with the Chicken King. The encarnada SAD blocked the sale of a position exceeding 16% of the capital to the Entrepreneur Equity Partners fund, which has now led to the possibility of the encarnados directly assuming this position.
The CFO of Benfica indicated that any purchase would have to be made at currently prevailing market prices. This data is relevant because it represents a significant difference from the businessman's initial intentions.
The Chicken King intended to sell his position at 12 euros per share, a value that is now out of the market's reach. The shares are quoted at just over half that price, which represents a considerable devaluation compared to the seller's expectations.
The original operation was blocked by Benfica's SAD, which now sees the possibility of directly acquiring this significant stake in the club. This situation arises in a context of appreciation of Benfica's shares in the market, although still far from the values the Chicken King expected to obtain.
