Red Bull's acquisition of a controlling stake in the company that owns Bora-Hansgrohe has been allowed by Austrian authorities, it has been announced.
The idea of the 'joint venture' emerged earlier in January, when an an announcement on Austria's Federal Competition Authority (FCA) made the idea of the merger public. It has now been approved, "given the green light to go ahead", according to Bora's manager, Ralph Denk, on Monday.
