Porsche completed the transfer of its Bugatti Rimac and Rimac Group stakes to a buyer group led by HOF Capital for about 1 billion euros. It will put 250 million euros toward pension obligations and lift its 2026 automotive net cash-flow margin range from 3 per cent to 5 per cent, to 5.5 per cent to 7.5 per cent. The sale ends Porsche's period in the Bugatti Rimac venture.
Porsche completed the transfer of its holdings in Bugatti Rimac and Rimac Group to a buyer group led by HOF Capital after regulatory approval. The company's announcement said the sale would yield about 1 billion euros, while Axios also reported that HOF Capital had bought Porsche's interests in the two companies in a transaction valued at about 1 billion euros. Porsche's ownership in the Bugatti Rimac joint venture has therefore ended.[1], [2]
Porsche will direct 250 million euros of the sale proceeds to additional funding for its pension obligations. After accounting for the remaining cash inflow and that pension payment, its 2026 automotive net cash-flow margin is expected to be between 5.5 per cent and 7.5 per cent. Its previous range was 3 per cent to 5 per cent. The announced increase comes directly from adding the disposal proceeds to the year's cash-flow outlook.[1]
The earlier cash-flow forecast in Porsche's half-year financial report did not include effects from disposals. The new range incorporates both the inflow of about 1 billion euros and the 250 million euros assigned to pension funding. The change therefore reflects the cash consequence of the completed stake transfer, rather than a separate development in vehicle sales or operating costs. The same transaction also ends Porsche's interest in the Bugatti Rimac joint venture.[1]
