Porsche Says Goodbye to Bugatti: Who Is Who in This Farewell?
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5 Articles
By Pedro Junceiro Porsche has completed the exit of the shareholder structure of Bugatti Rimac and Rimac Group, after receiving the necessary regulatory approvals. The operation, agreed in April and carried out on the 9th, allows the German manufacturer to fit about 1000 million euros and closes a partnership started in 2021. Porsche [...] The post Porsche abandons Bugatti Rimac for 1000 million first appeared on AutoSport.
Mate Rimac takes control of Bugatti. Porsche comes out of the stock exchange, and the entrepreneur and the Croatian inventor becomes president of the famous brand. The spectacular story of the young man began in a garage, with an old BMW that turned him into a car empire.
Image ID: /clip/23d4755a-3d29-4e44-a9ba-28a7059a91b9_media-libre-aspect-ratio_default_0.jpg Porsche says goodbye to Bugatti with a good-bye that has served to earn approximately one billion euros.This is the value of the shares that Porsche AG had in the Bugatti Rimac corsorcio and in the Rimac group, according to the statement published by HOF Capital, the investment firm that has bought the shares.
Porsche announced that it has completed the sale of its shares in Bugatti Rimac and the Rimac Group.
Porsche has discarded its 45% stakes in the joint venture Bugatti Rimac and 21% in the Rimac group, which puts an end to the Volkswagen Group’s relationship with Bugatti 28 years after its acquisition by the German giant. Five years after the creation of the joint venture Bugatti Rimac, Porsche has discarded its 45% stake in the joint venture. In addition, Stuttgart’s firm has also sold its 21% stake in the Rimac group. Everything points to this…
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