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BERLIN (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)
