Red Bull is planning to expand its involvement in road cycling and is aiming for a partnership with BORA - hansgrohe. By becoming a partner in Team Manager Ralph Denk's operating company, Red Bull strives to complement the team's portfolio of existing long-term main sponsors, who will remain on a long-term basis. The planned joint venture has been notified to the relevant antitrust authority.
We ask for your understanding that we will not comment further on the planned joint venture, as we do not wish to anticipate the ongoing review by the Austrian antitrust authority.