On September 9, Porsche completed the sale of its stakes in Bugatti Rimac and Rimac Group after receiving all necessary approvals. The German automaker transferred its 45% stake in Bugatti Rimac and 20.6% stake in Rimac Group to a consortium led by HOF Capital.
The joint venture, created in 2021, combines the Bugatti brand and Rimac technologies. After the deal, Rimac Group retains control over Bugatti Rimac, owning 55% of the company. Rimac founder Mate Rimac will now also head Bugatti Automobiles.
The proceeds for Porsche will amount to approximately 1 billion euros. Of this, the company will allocate 250 million to pension obligations. Thanks to the deal, Porsche's automotive net cash margin forecast for 2026 has been raised from 3–5% to 5.5–7.5%.
For the automotive industry, something else is more important: Porsche is effectively abandoning its role as a financial investor in the high-tech Rimac project and returning capital to its core business. At the same time, the technological link between Bugatti and Rimac remains – the company continues to develop electric powertrains and hybrid technologies for hypercars.