Porsche Sells Bugatti Stake to HOF Capital-Led Consortium

[Brand Transaction] Porsche has officially sold all its equity interests related to Bugatti, marking the century-old hypercar brand's exit from the Volkswagen Group.

Key Development: HOF Capital-Led Consortium Acquires Bugatti

Porsche has signed an agreement to sell its 45% stake in Bugatti Rimac (the operating entity of Bugatti) and its 20.6% equity interest in Rimac Group to an international consortium led by New York-based HOF Capital, whose members include Abu Dhabi’s BlueFive Capital and other institutions. The transaction is pending antitrust review and is expected to close by the end of 2026.

Strategic Rationale: Focus on Core Business Amid Financial Pressure

Following a 9.5% revenue decline in 2025, which brought annual revenue down to €36.27 billion, Porsche has opted to divest non-core assets to concentrate resources on electrification and its core brand operations. This exit signifies Volkswagen Group’s complete departure from Bugatti.