Porsche (P911) Sells 45% Stake in Bugatti Rimac for Restructuring
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowPorsche AG (P911) is selling its 45% stake in Bugatti Rimac, exiting the joint venture established in 2021, where it held the minority share. The stake is being sold to a consortium led by HOF Capital, with financial terms undisclosed. Additionally, Porsche will divest its 20.6% stake in Rimac Group, allowing Rimac to take full operational control of Bugatti Rimac. Following the announcement, shares of Porsche fell by 1.6% during early trading amid ongoing pressures from slowing growth and rising costs.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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