(Il Sole 24 Ore Radiocor) - Milano, 24 apr - German luxury car maker Porsche said it has reached its stake to sell its equity stakes in Bugatti Rimac and Rimac Group to a consortium led by US investent firm HOF Capital for an undisclosed amount.

Completion of the transaction remains subject to customary conditions precedent, including regulatory clearances by the relevant authorities, Porsche said. Porsche and Rimac Group established Bugatti Rimac as a joint venture in 2021 to serve as home to the Bugatti brand.

Porsche holds a 45% stake in the JV and Rimac 55%. Porsche also holds a 20.6% stake in Rimac Group.

As part of the transaction, Porsche will fully divest its equity stakes in Bugatti Rimac and Rimac to the HOF Capital-led consortium, which includes BlueFive Capital as its largest investor, as well as a group of institutional investors across the US and EU. Following completion, Rimac Group is set to take control of Bugatti Rimac and form a strategic partnership with HOF Capital and BlueFive Capital to support its continued growth.

HOF Capital will additionally join Rimac as the largest shareholder alongside Mate Rimac, founder of Rimac and CEO of Bugatti Rimac.

The transaction, which is subject to regulatory clearance and other conditions, is expected to be completedoccur before the.

end of 2026.

(RADIOCOR) 24-04-26 10:29:55 (0244) 5 NNNN