Porsche divests from Bugatti and Rimac ventures
Porsche has agreed to sell its stakes in Bugatti Rimac and Rimac Group to a US fund. The move aims to cut costs and focus capital on core business operations.
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Germany luxury automaker Porsche has reached an agreement to divest its significant holdings in the high-performance automotive sector, offloading stakes in both Bugatti and Rimac to a consortium of international investors. The deal involves the sale of a 45% stake in the Bugatti Rimac joint venture and a 20.6% interest in the Croatia-based Rimac Group. The acquiring group is led by HOF Capital, a fund based in the United States co-founded by Onsi Sawiris, a member of the prominent billionaire family from Egypt.
