Porsche Sells Bugatti Rimac Stake to Investor Consortium
Porsche has agreed to sell its 45% stake in Bugatti Rimac to a consortium led by HOF Capital and BlueFive Capital, ending Volkswagen Group's nearly three-decade influence over Bugatti. The deal also includes divesting Porsche's 20.6% stake in the Rimac Group. The transaction, announced early Friday, is subject to regulatory approval and terms remain confidential. Porsche cited a focus on core business amid financial pressures from U.S. tariffs and falling Chinese demand. Mate Rimac expressed gratitude for Porsche's role in establishing Bugatti Rimac. Porsche's stock dropped 1.6% following the announcement.
Key facts
- Porsche agreed to sell its 45% stake in Bugatti Rimac to a consortium led by HOF Capital and BlueFive Capital.
- Porsche will also divest its 20.6% stake in the Rimac Group.
- The deal ends Volkswagen Group's nearly 30 years of influence over Bugatti, which it acquired in 1998.
- The transaction is a preliminary agreement pending regulatory clearance.
- Terms of the sale are confidential but may be disclosed in Porsche's financial reports.
- Mate Rimac thanked Porsche for its role in establishing Bugatti Rimac.
- Porsche cited a focus on core business as reason for the sale, amid financial pressure from U.S. tariffs and falling Chinese demand.
- Porsche's stock dropped 1.6% in early trading after the announcement.
Entities
Institutions
- Porsche
- Bugatti Rimac
- HOF Capital
- BlueFive Capital
- Rimac Group
- Volkswagen Group
- CNBC
- Robb Report
- New York Post
- Artinfo
- New York magazine
Locations
- New York
- United States
- China
Sources
- Robb Report —
- Quartz —