Porsche Divests Bugatti Rimac and Rimac Group Stakes to HOF Capital Consortium

Porsche AG announced on Friday that it has reached an agreement to sell its equity stakes in Bugatti Rimac and the Rimac Group. The transaction marks a definitive strategic pivot for the German automaker as it streamlines its portfolio to prioritize its primary business segments. Under the terms of the agreement signed April 24, Porsche will divest its 45% stake in Bugatti Rimac and its 20.6% holding in the Rimac Group. While the specific financial terms of the sale were not disclosed, the deal is expected to close by the end of 2026, pending standard regulatory approvals. Following the completion of the sale, the Rimac Group will assume control of Bugatti Rimac. HOF Capital, leading the purchasing consortium alongside BlueFive Capital, is slated to become the largest shareholder of the Rimac Group, joining founder Mate Rimac. Porsche CEO Michael Leiters noted that the initial joint venture successfully established a foundation for Bugatti's future and helped evolve Rimac Technology into a Tier-1 automotive supplier. The exit is framed as a move to concentrate resources on Porsche's core brand and operational strengths. For investors, the move signals a tightening of Porsche's strategic focus. By offloading these high-cost, niche luxury and technology ventures, the company aims to optimize its capital allocation toward its main production lines and core growth drivers.