Porsche sells Bugatti Rimac stake to HOF Capital consortium
Porsche is divesting its 45% stake in Bugatti Rimac to a consortium led by U.S. firm HOF Capital. The Rimac Group will assume full operational control of the joint venture. The move is part of Porsche's strategy to refocus on its core automotive business. Financial terms of the deal were not disclosed. Bugatti Rimac was formed in 2021, combining Bugatti's heritage with Rimac's electric vehicle technology. Porsche had been a key investor in Rimac before the joint venture. The sale marks a significant shift in the ownership structure of the hypercar manufacturer.
Key facts
- Porsche sells its 45% stake in Bugatti Rimac
- Consortium led by HOF Capital acquires the stake
- Rimac Group takes full operational control
- Deal part of Porsche's refocus on core business
- Bugatti Rimac formed in 2021
- Financial terms undisclosed
Entities
Institutions
- Porsche
- Bugatti Rimac
- Rimac Group
- HOF Capital
Sources
- Quartz —