Sawiris’HOF Capital Eyes Porsche’s Bugatti Stake in $1. 2B Acquisition. City, Country — Cairo, Egypt — Onsi Sawiris, scion of the billionaire Sawiris family, is reportedly in advanced negotiations to acquire a significant stake in Porsche AG’s luxury car brand, Bugatti, in a deal valued at approximately $1.
2 billion.
According to local reports, Onsi Sawiris’investment firm, HOF Capital, along with BlueFive Capital, is in talks to purchase Porsche’s majority holding in Bugatti.
The acquisition aims to strengthen the luxury vehicle market presence and further diversify the Sawiris family’s investment portfolio.
The deal, if finalized, would mark a strategic move for HOF Capital and BlueFive Capital, as it aligns with their interest in high — end luxury goods and automotive sectors. Bugatti, known for its ultra-luxurious sports cars, has been a key player in the high-performance automotive market. Official statements indicate that the negotiations are at a critical stage, and a final agreement is expected in the coming weeks.
However, details regarding the specific percentage of the stake to be acquired and the terms of the deal remain confidential.
The potential acquisition has sparked discussions about the future of Bugatti and its strategic direction under new ownership. Independent What happens next remains to be seen, but the deal is poised to be a significant event in the luxury automotive industry.
Further details are expected to be disclosed as the transaction progresses.
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Source: Africa.
