Story perspectives

Porsche sells Bugatti-Rimac stakes for €1 bn.

4/24/2026

Summary

**Porsche Sells Stakes**

Porsche AG announced on April 24, 2026 that it will sell its 45 % Bugatti-Rimac and 20.6 % Rimac Group stakes to a HOF Capital-led consortium that includes BlueFive Capital.
CEO Michael Leiters said the sale lets Porsche refocus after profit fell from €5.64 bn to €0.41 bn.
Regulators must approve the undisclosed deal, estimated around €1 bn, which is slated to close before the end of 2026 and enable the first 250 Tourbillons in 2026.

Summary

**Bugatti Unveils**

The 2024 Bugatti Tourbillon was launched with an 8.4-liter V-16 engine and three electric motors delivering roughly 1,775 hp.
Its hybrid powertrain powers an all-wheel-drive system through an 8-speed dual-clutch automatic transmission.
Official specifications list a 0-60 mph time of 2.0 seconds and a top speed up to 311 mph, with some reports citing 1,825 hp at that extreme.
Unlike earlier Bugatti models, the Tourbillon’s V-16 is naturally aspirated and does not use forced induction.

Summary

**Porsche Shares Fall**

Porsche shares in Frankfurt fell 1.6% in early trading on Friday after the sale announcement.
HOF Capital, co-founded by a Sawiris family scion, and BlueFive Capital, led by former Investcorp executive Hazem Ben-Gacem, are investors.
A 15% U.S. import tariff imposed by President Donald Trump added $810 million in costs to Porsche in 2025.
Porsche was removed from Germany’s DAX index after issuing four profit warnings last year.

Summary

**Rimac Takes Control**

Rimac Group will take control of Bugatti Rimac after the transaction closes and partner with BlueFive Capital and HOF Capital.
BlueFive Capital, incorporated in Abu Dhabi, operates in the Gulf, London and Beijing and offers private-equity and infrastructure products.
HOF Capital, a U.S. fund co-founded by Onsi Sawiris, links the consortium to Egypt’s Sawiris family.
The consortium blends U.S., Gulf and European capital, reflecting a multi-regional strategy for high-performance automotive brands.

History

Historical Context

In 1998 Volkswagen added Bugatti to its premium brand group alongside Bentley and Lamborghini. After Volkswagen sold a 55% Bugatti stake to Rimac in 2021, Porsche kept the remaining 45% and formed the Bugatti Rimac joint venture. The 2026 transfer of Porsche’s Bugatti-Rimac shares to a HOF Capital-led consortium continues the group’s pattern of reshuffling luxury marques through major stake deals.

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**Porsche Sells Stakes**

Porsche AG announced on April 24, 2026 that it will sell its 45 % Bugatti-Rimac and 20.6 % Rimac Group stakes to a HOF Capital-led consortium that includes BlueFive Capital.
CEO Michael Leiters said the sale lets Porsche refocus after profit fell from €5.64 bn to €0.41 bn.
Regulators must approve the undisclosed deal, estimated around €1 bn, which is slated to close before the end of 2026 and enable the first 250 Tourbillons in 2026.

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