Porsche Exits Stake in Bugatti Rimac, Boosts Cash Flow Outlook
Porsche has finalized the sale of its stakes in Bugatti Rimac and Rimac Group as part of a strategy to focus on core operations. The German automaker sold its 45% stake in Bugatti Rimac and 20.6% holding in Rimac Group for approximately €1 billion, with HOF Capital leading the buyer consortium supported by BlueFive Capital and other investors. Proceeds from the sale will be used to strengthen Porsche's pension obligations and have led to an upward revision of its automotive net cash flow margin forecast for 2026. The joint venture Bugatti Rimac was established in 2021, combining Bugatti’s hypercar engineering with Rimac Group’s EV technology. With the sale completed, Rimac Group now holds a majority stake at 55%. Leadership changes have also been announced within Bugatti Rimac as part of its ongoing restructuring. Porsche's move aligns with broader strategic initiatives to streamline operations and divest non-core assets. This follows recent plans to sell MHP, Porsche’s IT consulting arm, while parent company Volkswagen continues its Future Plan 2030 aimed at reducing global workforce by an additional 50,000.
Topics: automotive electric vehicles M&A