Overview
- Porsche, which signed the agreements Friday, will exit its 45% stake in Bugatti Rimac and its 20.6% holding in Rimac Group.
- After closing, Rimac Group will run Bugatti Rimac, and a consortium led by HOF Capital with BlueFive Capital as the largest investor will be the biggest outside owners alongside founder Mate Rimac.
- Completion is expected before the end of 2026 pending regulatory clearances, and the parties did not disclose financial terms.
- Porsche said the sale lets it focus on its core business after a 93% drop in 2025 operating profit and pressure from tariffs and weaker demand in China.
- The deal ends Volkswagen and Porsche’s direct role at Bugatti for the first time since VW bought the brand in 1998.