FC Copenhagen share price rises amid takeover talk

FC Copenhagen’s owner Parken Sport & Entertainment saw its share price rise on Tuesday as various media outlets reported a potential sale of a portion belonging to the club’s owner.

Pension fund LD Fonde, the largest shareholder in Parken, confirmed to Danish newspaper Borsen that talks with Redstone Advisory Partners – a UK-based company – about potentially offloading its 29-per-cent share in the company were ongoing.

Talk of a potential takeover of FC Copenhagen or sale of part of Parken has been swirling in recent days. Inside Business reported foreign investors could make a bid in the vicinity of  DKK 105-120 (€14.06-€16.07/$16.1-$18.4) per share to buy the club. Inside Business also reported the potential investors would be backed by US-based Fortress Investment Group.