Speculation in the drinks market
Dietrich Mateschitz, owner of two Formula One teams, has reportedly denied speculation that he might sell Red Bull to soft drink rival PepsiCo.
Austria`s NEWS magazine claimed that Mateschitz, a multi billionaire, had held discussions with the New York-based Pepsi company, on the back of speculation that it was keen to capitalise on the small but lucrative market of energy drinks.

Meanwhile, it is reported that 61-year-old Mateschitz has bought a five square-mile Fijian private island - called Laucala - for $10m.

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