Porsche has finalized the sale of its shares in Bugatti Rimac and Rimac Group. These are the two companies through which the German company, part of the Volkswagen group under restructuring, had created a joint venture to collaborate with the historic French supercar brand.
The sale of the shares will earn Porsche 1 billion euros, at a time when the company is trying to concentrate as much as possible on the most profitable components of its turnover, to reduce expenses and recover from the serious crisis in which the German car industry has ended up.
Porsche has sold its stake in Bugatti
Porsche had announced that it was in negotiations for the sale of its shares in Bugatti as early as April 2026. Now the agreement with a consortium of investment funds has materialized. The German company, which has been in crisis for some time and is trying to focus exclusively on its core business, will earn 1 billion euros from the sale.
How the Porsche-Bugatti joint venture was structured
Porsche had purchased Bugatti in 2021 together with the Rimac group, a Croatian company that produces large-displacement luxury cars. The two companies had taken over the French factory that produced Bugatti cars, creating Bugatti Rimac, a joint venture whose shares were owned by:
- 55% by Rimac;
- 45% from Porsche.
The Stuttgart company was therefore a minority shareholder, but its role extended beyond just Bugatti. Porsche had also invested in Rimac itself, purchasing 21% of the Croatian group’s shares. Porsche sold both of these stakes, therefore both the one in Bugatti Rimac and the Rimac Group.
What Porsche will do with the proceeds
For Porsche, this operation is part of the reduction in investments envisaged by the company restructuring plan following the serious crisis affecting the German automotive sector. The billion euros raised will therefore be used almost entirely for internal investments which will allow Porsche to concentrate more on its core business.
However, a part of this liquidity, around 250 million euros, will be used to finance Porsche’s pending pension obligations towards its employees and former employees, reflecting the company’s state of profound crisis.
The new Bugatti Rimac
Porsche’s exit from the Rimac group and Bugatti has triggered a significant reorganization in the management of the Croatian company. The CEO of Bugatti Rimac remains its founder and architect of the acquisition, Mate Rimac, who will also become president of Bugatti Automobiles. Several other important roles will change reference:
- Christophe Piochon will leave the roles of President of Bugatti Automobiles and COO of Bugatti Rimac;
- Marko Brkljačić will become COO of Bugatti Rimac;
- Hendrik Malinowski will become CEO of Bugatti.
Who bought Porsche shares
The consortium that purchased Porsche’s stake in Bugatti Rimac and Rimac is led by Hof Capital, a New York fund supported by more than 200 important families of international capitalism. It has stakes in companies such as SpaceX, OpenAI, Neuralink, Anthropic.
However, the main shareholder of the consortium is BlueFive Capital, a fund founded in 2024 based in Abu Dhabi which will have control of 30% of Bugatti Rimac, becoming the second largest shareholder after Rimac itself.
