„Power Struggle“: Red Bull Declines Rumors

People ♦ Published: April 6, 2012; 18:51 ♦ (Vindobona)

Red Bull commented that reports on an arising power struggle between the two owners are nothing else as “fanciful speculations”.

„Power Struggle“: Red Bull Declines Rumors / Picture: © Wikimedia Commons / Gigi Soldano [Attribution]

Two weeks ago, the inventor of Red Bull, the Thai Chaleo Yoovidhja died. Yoovidhja held a 49% stake in Red Bull. CEO Dietrich Mateschitz, who said to have lost “not only a business partner, but also a grood friend”, said that there will be no amendments for the company.

Mateschitz also holds 49% stake in the company. The remaining 2% stake is owned by Yoovidhja´s son Chalerm…