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The FCA approved the acquisition on Monday 29 January 2024. Bora-Hansgrohe's manager Ralph Denk stated "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."
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Red Bull is a brand of energy drinks created and owned by the Austrian company Red Bull GmbH.With a market share of 43%, it is the most popular energy drink brand as of 2020, [8] and the third most valuable soft drink brand, behind Coca-Cola and Pepsi. [9]
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In 1987, the two launched an export version labelled "Red Bull", for which Chaleo provided the original formula (adapted for Western tastes under Mateschitz's guidance [11]), and Mateschitz the marketing. Each put up US$500,000 for 49 per cent of the Red Bull energy drink franchise, with Chaleo's son, Chalerm, owning the remaining two per cent. [8]
Red Bull team principal Christian Horner praised the performance by both his drivers and by the team, noting that being "frustrated by second place [is] not a bad place to be". [ 31 ] Leading figures from both of the top teams expressed confusion over the regulations on track limits, especially those at turn 4.
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