DistantNews
Rimac Grupa Takes Full Control of Bugatti Rimac as Porsche Sells Stake
๐Ÿ‡ญ๐Ÿ‡ท Croatia /Economy & Trade

Rimac Grupa Takes Full Control of Bugatti Rimac as Porsche Sells Stake

From Veฤernji List · (8m ago) Croatian Positive tone

Translated from Croatian, summarized and contextualized by DistantNews.

TLDR

  • Porsche has agreed to sell its stakes in Bugatti Rimac and Rimac Grupa to a consortium led by HOF Capital.
  • The transaction, signed on April 24, 2026, is expected to be completed by the end of 2026, pending regulatory approvals.
  • Rimac Grupa will gain full control of Bugatti Rimac, while Rimac Technology will continue to supply components to Porsche and other Volkswagen brands.

In a significant development for Croatia's automotive industry, Rimac Grupa is set to assume complete control of Bugatti Rimac. Porsche has agreed to divest its stakes in both Bugatti Rimac and Rimac Grupa to a consortium spearheaded by New York-based HOF Capital. This strategic move, announced on April 24, 2026, marks a pivotal moment for Mate Rimac's ventures, solidifying his position as a major player in the hypercar market. The deal underscores the growing influence and technological prowess of Croatian innovation on the global stage. While Porsche transitions its focus to its core business, Rimac Technology will maintain its crucial role as a supplier of high-performance components, including batteries and powertrains, to the Volkswagen Group. This continued collaboration highlights the enduring value of Rimac's engineering expertise. The transaction, expected to conclude by year-end 2026, signifies a new chapter for Bugatti Rimac, poised for further growth under the leadership of Rimac and his new partners, HOF Capital and BlueFive Capital. This development is a source of national pride, showcasing Croatia's capacity to produce world-leading technology and compete at the highest echelons of the automotive industry.

Prilikom stvaranja joint venturea Bugatti Rimac, zajedno s Rimac Grupom, uspjeลกno smo stvorili temelje za buduฤ‡nost Bugatti branda. Ujedno, kao rani investitor u Rimac Grupu, Porsche je dao znaฤajan doprinos u razvoju kompanije Rimac Technology u Tier-1 automobilsku tehnoloลกku kompaniju. Sada, s prodajom naลกeg udjela, ลพelimo pokazati da ฤ‡emo se fokusirati na core business Porschea. ลฝelimo zahvaliti Mati Rimcu i njegovom timu na konstruktivnoj suradnji i meฤ‘usobnom povjerenju tijekom proteklih godina.

โ€” Dr. Michael Leiters, CEO Porsche AG-aPorsche CEO reflects on the successful creation of Bugatti Rimac and expresses gratitude for the collaboration with Mate Rimac's team, emphasizing Porsche's strategic shift towards its core business.
DistantNews Editorial

Originally published by Veฤernji List in Croatian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.