8:51 am, September 11, 2026
Porsche has completed the sale of its stakes in Bugatti in a deal expected to net the German carmaker a ten figure sum.
The deal, announced yesterday, will see Rimac Group and a consortium led by investment firm HOF Capital take full ownership of Porsche’s interests in Bugatti for around €1bn (£860m).
Porsche and Croatian electric hypercar specialist Rimac established Bugatti Rimac as a joint venture in 2021, with Porsche holding a 45% stake and Rimac owning the remaining 55%.
At the time, Porsche also held a 21% stake in Rimac Group.
However, five years on, Porsche has now sold both interests. It said around €250m (£214.63m) of the proceeds would be used to fund its pension obligations.
The German manufacturer is also now forecasting a net cash flow margin of 7.5% for 2026 – up from its previous guidance of 5.5% – as a result of the sale.
Confirming the deal, Rimac founder and president Mate Rimac said: ‘This is an important step for Bugatti Rimac and the entire Rimac Group.
‘I am delighted that HOF Capital and its consortium are becoming our partners in the next phase of our Group’s development, and I look forward to working together to realize the full potential of our companies.
‘We have made strong progress across all companies in the Group, and I believe this partnership gives additional momentum to our continued growth.’
Following the landmark sale, there will now be a change at the top of Bugatti Automobiles, with president Christophe Piochon stepping down.
Rimac will take over as president of Bugatti Automobiles alongside his existing roles.