Berlin clears sale of drinks company to Red Bull despite HK connection - Handelsblatt

Red Bull energy drink cans are seen in a supermarket in Bangkok
Red Bull energy drink cans are seen in a supermarket in Bangkok, Thailand, August 4, 2020. REUTERS/Athit Perawongmetha

BERLIN, March 7 (Reuters) - Germany's Economy Ministry has cleared the sale of drinks company Brandenburger Urstromquelle to Austria-based Red Bull despite the buyer's Hong Kong connection, German business daily Handelsblatt reported on Tuesday.

The ministry did not respond to a request for comment by Reuters.

The Economy Ministry had been conducting a review of the deal because 49% of Red Bull is owned by Hong Kong-based holding company T.C. Agrotrading, the Handelsblatt report said.

Writing by Friederike Heine, Editing by Paul Carrel

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