Overview
- Porsche completed the sale on Thursday, transferring its 45% stake in Bugatti Rimac and its roughly 21% stake in Rimac Group and will record about €1 billion in proceeds.
- Porsche has earmarked about €250 million of the proceeds to bolster pension funding and has raised its 2026 automotive net cash flow margin forecast to roughly 7.5%.
- Rimac Group retains its majority holding and, together with a consortium led by HOF Capital, now holds full operational control of Bugatti Rimac.
- Leadership at Bugatti Rimac was reshuffled: Mate Rimac becomes president of Bugatti Automobiles, Christophe Piochon steps down, Marko Brkljačić joins as COO, and Hendrik Malinowski becomes chief commercial officer.
- Product and production shift under the new ownership is already visible with the Tourbillon plug-in hybrid entering production at La Manufacture in Molsheim as part of Rimac’s multi-year plan to electrify Bugatti hypercars.