Porsche has finalised the sale of its stakes in Bugatti Rimac and Rimac Group, concluding its participation in the Croatian electric hypercar venture.
The German automaker disposed of its 45% share in Bugatti Rimac and its 20.6% holding in Rimac Group following the receipt of regulatory clearances.
The acquiring consortium is led by US-based HOF Capital, with BlueFive Capital as its principal supporter, alongside a range of institutional investors from the US and Europe.
Porsche and the buyer group formalised the agreements in April of this year.
The transaction is anticipated to yield roughly €1 billion ($1.16 billion) for the Porsche Group, of which €250 million will be directed toward reinforcing the company’s pension commitments.
In light of the expected cash proceeds and the additional pension funding, Porsche has raised its automotive net cash flow margin outlook for the 2026 financial year to 5.5–7.5%, up from the prior range of 3–5%.
The previous guidance, issued in the half-year financial report, had not factored in any impact from the sale.
Bugatti Rimac was formed in 2021 as a joint venture between Porsche and Rimac Group, merging Bugatti’s hypercar engineering with Rimac Group’s electric vehicle expertise.
Upon completion, Rimac Group retains its 55% stake, while Porsche’s former share has transferred to the new consortium.
Bugatti Rimac CEO Mate Rimac stated: “I am genuinely pleased that the deal with Porsche and HOF Capital has been completed. Porsche has been a very valuable partner over the years, helping us establish strong foundations for the brand’s future.”
Leadership changes have also been announced at Bugatti Rimac.
Christophe Piochon is stepping down as president of Bugatti Automobiles and chief operating officer of Bugatti Rimac.
Mate Rimac, who has served as CEO of Bugatti Rimac since 2021, will additionally assume the role of president of Bugatti Automobiles.
Marko Brkljačić, previously COO at Rimac Technology, has been appointed COO of Bugatti Rimac.
The divestment is part of Porsche’s wider strategy to focus on its core business.
Last month, the automaker agreed to sell MHP, its management and IT consulting subsidiary, to Tata Consultancy Services for an enterprise value of €320 million.
Parent Volkswagen is pursuing its own restructuring, having approved Future Plan 2030 earlier this month, which will cut an additional 50,000 jobs group-wide, bringing total planned reductions to 100,000 by the end of the decade.
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