Egyptian Consortium Secures Bugatti Rimac Stake; Porsche Exits Joint Venture. Cairo, Egypt – A groundbreaking transaction in the luxury automotive sector has been announced, with an Egyptian-led consortium acquiring Porsche’s entire stake in Bugatti Rimac, marking the German automaker’s complete withdrawal from the joint venture.
The consortium, led by HOF Capital, a firm co — founded by the Egyptian businessman Onsi Sawiris, has struck a deal that values Porsche’s 45% stake in Bugatti Rimac and its 20. 6% stake in Rimac Group at over $1 billion (€1. 2 billion).
This strategic acquisition will allow Porsche to refocus its efforts on its core business operations.
The agreement, which was formally signed on April 24, 2026, comes amidst Porsche’s reported financial challenges, including a significant drop in operating profit in 2025. HOF Capital’s investment, alongside Abu Dhabi’s BlueFive Capital and a mix of institutional investors from the United States and Europe, signals a significant international interest in the luxury automotive market. Bugatti Rimac, a joint venture between Porsche and Rimac Group, has been at the forefront of electric vehicle innovation.
Rimac Group, a Croatian company specializing in high — performance electric vehicles and automotive technology, is expected to benefit greatly from the strategic partnerships formed with HOF Capital and BlueFive Capital.
As Porsche exits its stake, the company emphasizes its commitment to concentrating on its core business. Dr. Michael Leiters, CEO of Porsche AG, noted the joint venture’s success and the constructive cooperation with Rimac Group.
The transaction is subject to regulatory approvals and is anticipated to be completed by the end of 2026. This deal not only reshapes the ownership of Bugatti Rimac but also underscores the growing influence of Egyptian investment firms on the global stage and the burgeoning importance of electric vehicle technology in the automotive industry’s future.
The acquisition stands as a testament to the strategic foresight of the Egyptian and international investors involved, as well as the evolving dynamics within the luxury automotive market.
*Additional reporting by ImNews | Sources consulted: 5*
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This original article was produced by the ImNews editorial team
Source: Africa.businessinsider
Source: Chinedu Okafor
