Germany’s Economy Ministry has reportedly waived through the sale of bottled water and CSD bottler and distributor Brandenburger Urstromquelle to Red Bull, despite concerns over the Austrian energy drinks giant’s connections to Hong Kong.
Germany authorities ‘clears sale of Brandenburger Urstromquelle to Red Bull’
The deal had reportedly been the subject of a review due to the fact 49% of Red Bull is owned by Hong Kong-based holding company TC Agrotrading.