After it was announced that Red Bull would be conducting a takeover of
BORA - hansgrohe earlier this month, the Austrian energy drink brand’s majority stake acquisition of the team’s parent company (RD pro cycling GmbH & Co KG and RD Beteiligungs GmbH) has now been officially ratified by the Austrian Federal Competition Authority.
In the team’s official announcement, general manager
Ralph Denk stated that “with today’s decision, we have cleared an important hurdle. The foundations of our partnership with Red Bull are now officially in place. This is the green light we’ve been waiting for to go ahead with the formalities and many specific parts of the collaboration”.
