Porsche has finalized the sale of its equity stake in the Bugatti Rimac venture and its holding in Rimac Group to a consortium led by HOF Capital.
Key facts
- •Porsche sold its entire equity stake in the Bugatti Rimac venture.
- •The deal included the sale of a 20.6% holding in Rimac Group.
- •Porsche expects to generate roughly €1 billion ($1.16 billion) from the transaction.
- •The purchasing consortium is led by the investment firm HOF Capital.
Porsche has completed the sale of its stake in the venture that owns the Bugatti supercar brand to a consortium led by HOF Capital. The transaction includes the full divestment of Porsche's equity stake in Bugatti Rimac and its 20.6% holding in Rimac Group. Porsche expects to generate approximately €1 billion, or $1.16 billion, from the deal.
By the numbers
€1 billion
expected proceeds from the sale
$1.16 billion
expected proceeds in US dollars
20.6%
stake in Rimac Group sold by Porsche
Transaction Details
The sale marks a complete exit for Porsche from its previous equity positions in both Bugatti Rimac and the Rimac Group. Hisham Elhaddad, co-founder and managing partner of HOF Capital, confirmed the completion of the purchase.
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This article was independently rewritten by ManyPress editorial AI from reporting originally published by Bloomberg Markets.
