Porsche sells its shares in Bugatti Rimac
Introduction
Porsche sold its 45% share in Bugatti Rimac. It also sold its 20.6% share in Rimac Group. A group of investors led by HOF Capital bought the shares. This sale means Porsche leaves the joint venture. The joint venture started in 2021.
Main Body
Bugatti Rimac started in 2021. Porsche owned 45% of it. Rimac Group owned 55%. Bugatti is a luxury car brand. Rimac makes electric car parts. Porsche decided to sell its shares. The car industry has problems. Growth is slow. Costs are high. Tariffs and world problems hurt profits. Porsche's CEO said the sale helps Porsche focus on its main business. Mate Rimac is the CEO of Bugatti Rimac. He thanked Porsche for its help. He said the new owners will help the company move faster. Rimac Group will now fully control Bugatti Rimac. It will work with BlueFive Capital and HOF Capital. The price of the sale is not public. Bloomberg says Mate Rimac offered more than €1 billion in 2025. A person from the Sawiris family co-founded HOF Capital. Hazem Ben-Gacem leads BlueFive Capital. He said the deal is more than just money. After the news, Porsche shares fell 1.6% on the Frankfurt stock exchange.
Conclusion
Porsche now focuses on its main business. Rimac Group has full control of Bugatti Rimac with new partners. Porsche leaves its investment in both companies.