Porsche has agreed to the sale of its stake in Bugatti Rimac and Rimac Group. The agreement was signed on April 24, 2026 and involves an international consortium. The transaction still depends on regulatory approvals and is expected to be completed before the end of the year.
The operation marks the end of almost three decades of connection between Bugatti and Grupo Volkswagen. Porsche owned 45% of the joint venture created in 2021 with Rimac Group, which controlled the remaining 55%. The German company also owned 20.6% of Rimac Group. With the sale, Rimac assumes effective control of Bugatti.
Porsche reinforces focus on core business
Michael Leiters, CEO of Porsche AG, justified the decision as part of a repositioning strategy. The automaker intends to focus on its core business to become leaner and more agile. The company faces pressure after operating profit fell from 5.64 billion euros in 2024 to 413 million in 2025. Despesas extraordinary restructuring and product realignment weighed on the result.
- Porsche will completely exit the Bugatti Rimac joint venture
- The company also sells its 20.6% stake in Rimac Group
- The consortium is led by HOF Capital, from Nova York
- BlueFive Capital appears as the largest individual investor
- US institutional Investidores and União Europeia complete the group
The transaction maintains confidentiality regarding financial values, except where required by regulatory obligations. Analistas estimates that Bugatti Rimac is worth more than $1 billion. Completion is scheduled for the end of 2026.
Histórico of the joint venture created in 2021
Bugatti Rimac was born in 2021 as a partnership between Porsche and the Croatian group. The structure allowed the French brand to continue developing high-performance hypercars. Modelos like Chiron and the future Tourbillon emerged during this period. Rimac brought expertise in electrical technology and batteries. Porsche contributed engineering know-how and brand prestige.
The current agreement allows Rimac to maintain 55% of Bugatti Rimac and gain capital reinforcement from the new partner. HOF Capital enters as the largest shareholder of Rimac Group alongside Mate Rimac, founder of the Croatian company and CEO of Bugatti Rimac. The strategic partnership aims to accelerate long-term growth.
Volkswagen purchased Bugatti in 1998
Volkswagen acquired Bugatti in 1998 along with Bentley and Lamborghini. The objective was to strengthen the luxury portfolio and improve the group’s image. Sob German control, the brand re-emerged with the Veyron, which set new standards in power and technology. The Chiron continued the legacy of extreme hypercars.
His time at Volkswagen lasted 28 years. The 2021 joint venture already indicated a gradual transition. Agora, the total exit of Porsche terminates the equity connection. Bugatti now operates outside the Grupo Volkswagen umbrella.
Detalhes of the consortium that takes control
HOF Capital leads the group of buyers. BlueFive Capital, based on Abu Dhabi, is the largest investor. The consortium also brings together institutions from Estados Unidos and Europa. Após closes, Rimac Group gains a strategic partner for expansion. Mate Rimac remains in charge of Bugatti’s operations.
The new structure should allow investments in product and technology development. Rimac has already demonstrated its capabilities with the Nevera, a high-performance electric hypercar. Bugatti maintains its French identity and focus on exclusive vehicles.
Impacto in the hypercar market
The transaction comes at a time of adjustment in the luxury automotive industry. Montadoras reevaluates portfolios in the face of high electrification costs and pressure for profitability. Porsche has chosen to concentrate resources on its flagship sports models. Bugatti continues with independent plans under the leadership of Rimac.
The hypercar market remains attractive to collectors and enthusiasts. Limited Modelos maintain high demand and high prices. The shareholding change should not affect immediate deliveries of vehicles already announced. Bugatti production continues in Molsheim, in França.