Porsche Sells Bugatti, Rimac Stakes for €1 Billion
Porsche completed the sale of its stakes in Bugatti Rimac and Rimac Group for €1 billion, with proceeds to be used for pension funding and strategic refocusing. The deal, finalized in September 2026 after regulatory approval, marks Porsche's exit from the joint venture and part of a broader corporate restructuring.
Consensus
- Porsche sold its stakes in Bugatti Rimac and Rimac Group.
- The sale was completed for €1 billion.
- The proceeds will be used to fund pension obligations, with €250 million allocated for this purpose.
- The transaction was finalized after regulatory approval.
- Porsche's strategic focus is shifting toward its core automotive business.
- The deal was signed in April 2026.
- The buyer is a consortium led by HOF Capital.
- Porsche increased its forecast for the automotive division's net cash flow margin for 2026 to 5.5–7.5% from 3–5%.
- Bugatti Rimac was established as a joint venture in 2021 between Porsche and Rimac.
Points of divergence
- Porsche sold a 45% stake in the company controlling Bugatti and a 21% stake in Rimac Group. — vesti
- Porsche sold a 45% stake in Bugatti Rimac and a 20.6% stake in Rimac Group. — thebell
- The largest investor in the consortium is BlueFive Capital. — thebell
- Porsche's operational profit fell 92.7% in 2025 to €413 million due to €3.9 billion in one-time expenses related to revising its electric vehicle strategy. — thebell
- The parent company, Volkswagen, is also divesting non-core assets, including Everllence, and plans to reduce its business portfolio by one-third by 2030. — thebell
- Volkswagen's operational profit dropped from €19.1 billion in 2025 to €8.9 billion. — thebell
- The decline in demand in China and the underperformance of the electric vehicle transition strategy are key reasons for the sale. — vesti
- Porsche announced in September 2025 it would abandon its planned electric vehicle lineup and delay software platform development. — kommerant
- The strategic shift cost €4.7 billion in expenses. — kommerant
- Porsche signed a five-year AI implementation contract with Tata Consultancy Services worth €1.25 billion in August 2026. — vedomosti
- The decline in demand in China and slower-than-expected EV market transition are cited as reasons for the sale. — vm
Coverage (6 sources)
- Porsche sold stakes in Bugatti Rimac and Rimac Group for 1 billion euros — Ведомости
- Porsche sold its stake in Bugatti and Rimac for €1 billion, company press service reported. — ТАСС (Telegram)
- Porsche sold Bugatti for €1 billion — Вести
- Porsche completed sale of shares in Bugatti Rimac and Rimac Group for a billion euros — Вечерняя Москва
- Porsche sold stakes in Bugatti and Rimac for €1 billion — The Bell
- Porsche sold Bugatti for €1 billion — Коммерсантъ