Porsche is exiting its stake in Bugatti
German automaker Porsche has officially announced its withdrawal from the Bugatti Rimac joint venture.
The company is selling its stake to an international consortium led by the investment firm HOF Capital, effectively ending the Germans’ direct involvement in the legendary hypercar brand.
Under the terms of the deal, Porsche is selling its entire 45% stake in Bugatti Rimac, as well as a 20.6% stake in the Rimac Group.
Although the official financial details remain confidential, Bloomberg analysts estimate the value of the transaction at over 1 billion euros.
The lead investor in this deal is Abu Dhabi-based BlueFive Capital, which is part of a consortium led by New York-based HOF Capital.
Despite the change in ownership, Mate Rimac will retain his position as CEO of Bugatti Rimac, ensuring continuity in technological development and management.
Porsche AG CEO Michael Leiters emphasized that the company has fulfilled its mission during the joint venture’s formation phase.
“Now, by selling our stake, we are demonstrating that we are focusing Porsche’s activities on our core business,” said the head of the German brand.
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