Porsche exits Bugatti Rimac and nets around 1 billion euros

STUTTGART/ZAGREB, 9 September 2026 — Sports car manufacturer Porsche has completed the sale of its 45% stake in Bugatti Rimac as well as its approximately 21% holding in Rimac Group, following receipt of the necessary regulatory approvals. The shares have been transferred to a consortium led by the American fund HOF Capital, with BlueFive Capital as the main investor.

The transaction is expected to generate around 1 billion euros in cash for Porsche, according to information released Wednesday. The German group plans to allocate 250 million euros of this amount to fund its pension obligations.

This cash inflow leads Porsche to raise its forecast for the net cash flow margin from its automotive business in 2026. The manufacturer now targets a range of 5.5% to 7.5%, up from the previous 3% to 5%.

The sale comes as Porsche seeks to refocus its resources on its core business amid weaker demand in China and a slower-than-expected transition to electric vehicles in a pressured European automotive industry..

A separation prepared since April

Porsche and Rimac Group announced on 24 April 2026 the sale of the German automaker’s stakes. The agreement was then subject to regulatory approvals and usual closing conditions. The finalization announced this Wednesday thus ends Porsche’s direct equity presence in both companies.

Bugatti Rimac was created in 2021 as a joint venture between Porsche and Rimac Group to house the Bugatti brand. Rimac Group held 55% of the company, compared to 45% for Porsche. After the transaction, Rimac Group retains its majority stake of 55%, while the block previously held by Porsche passes to the consortium led by HOF Capital.

Within Rimac Group itself, Porsche held just over 20% of the capital. This stake is also sold as part of the same operation, in line with the agreement announced in April.

Porsche aims to strengthen its cash position

For Porsche, the sale comes during a period of strategic adjustment. The automaker is seeking to protect its margins and cash generation after several difficult quarters, notably in the Chinese market, while recalibrating its investments in electric vehicles..

The transaction also allows Rimac to continue developing its activities with new investors. The Croatian group remains the majority shareholder of Bugatti Rimac, while the HOF Capital consortium joins the structure alongside Mate Rimac and other investors.

Founded in Croatia, Rimac has established itself in the electric hypercar industry and high-performance automotive technologies. Bugatti Rimac combines one of the most iconic luxury automotive brands with the technological expertise developed by Rimac.