Porsche Exits Bugatti Rimac Deal, Boosts Outlook

Porsche has completed the sale of its holdings in Bugatti Rimac and the Rimac Group, officially ending its engagement with the electric hypercar enterprise. The German automaker divested its 45% share in Bugatti Rimac and its 20.6% stake in Rimac Group following the necessary regulatory approvals.

A consortium led by US investment firm HOF Capital, with significant backing from BlueFive Capital and other institutional investors, acquired Porsche's shares. The agreements for this transaction were initially established in April of this year.

This divestment is projected to inject around €1 billion into the Porsche Group, with €250 million designated to bolster the company's pension reserves. Consequently, Porsche has revised its automotive net cash flow margin forecast for the 2026 financial year upward to 5.5-7.5%, a notable increase from the previous 3-5% projection.

The joint venture, Bugatti Rimac, was formed in 2021, merging Bugatti's hypercar expertise with Rimac Group's electric vehicle technology. Post-sale, Rimac Group maintains its majority 55% stake, while the acquired shares now belong to the new consortium. Leadership changes within Bugatti Rimac have also been announced, with Mate Rimac assuming the role of president of Bugatti Automobiles.

This strategic move by Porsche is part of a broader initiative to concentrate on its core business activities. Earlier, the automaker agreed to sell its IT consulting division, MHP, to Tata Consultancy Services. Meanwhile, parent company Volkswagen is undergoing its own significant restructuring.