Agache and Red Bull to acquire Paris Football Club.

Agache, the Arnault family holding company, and Red Bull, a private conglomerate company known for its range of energy drinks of the same name, agreed to acquire Paris Football Club, a professional football club. Financial terms were not disclosed. "We want to offer our experience and know-how to open up new sporting horizons for Paris FC. Paris and the Ile-de-France region are a breeding ground for exceptional footballing talent who must above all else be trained and nurtured in a club in their region. We are delighted to be part of this new adventure and unique partnership with Agache and look forward to help attract more female and male talent who will boost the performance of the teams," Oliver Mintzlaff, Red Bull CEO Corporate Projects and Investments.