Quantum Pacific Management completed the acquisition of a 43% stake in Abarca Sports.

Quantum Pacific Management, is an investment vehicle controlled by Idan Ofer, completed the acquisition of a 43% stake in Abarca Sports is the corporate entity behind the Movistar Team. Financial terms were not disclosed. “I am very pleased that such an important international group like Quantum has decided to invest in cycling. Their entry into the capital of Abarca Sports strengthens us as a team and places us in a more solid position to face the future." Eusebio Unzué, Movistar Team General Manager.