Porsche sale of Bugatti Rimac stakes in 2026: €1 billion deal and cash flow

© A. Krivonosov

Porsche will receive about €1 billion after its final exit from Bugatti Rimac and Rimac Group. The deal, agreed in April, closed on September 9 after regulatory approvals were obtained. At the same time, the company raised its 2026 Automotive Net Cash Flow Margin forecast from 3–5% to 5.5–7.5%.

This is no longer a repeat of the April announcement. Back then, Porsche had only signed an agreement to sell 45% of Bugatti Rimac and 20.6% of Rimac Group to a consortium led by HOF Capital, with closing still dependent on regulators. The transaction has now closed, and Porsche is receiving the proceeds from the sale.

The financial effect is clear in the numbers. Both ends of the Automotive Net Cash Flow Margin forecast rose by exactly 2.5 percentage points. Porsche separately notes that its previous forecast from the half-year report did not include the effect of the asset sale. The higher figure therefore should not automatically be read as an improvement in the profitability of the core automotive business: a significant part of the change comes from a one-off cash inflow from the transaction.

Of the €1 billion, €250 million — exactly one quarter of the total — will be used for additional funding of pension obligations.

Rimac Group retains control of Bugatti Rimac with a 55% stake, while the consortium led by HOF Capital becomes the new partner. Mate Rimac is also taking over as president of Bugatti Automobiles. This comes as the company has already set a new course for Bugatti focused on mechanical engineering, rarity and the emotional value of hypercars.

For Porsche, the key figure now is not €1 billion by itself, but the change in the structure of cash flow. The company has received a large one-off inflow, sold both stakes and raised its 2026 forecast at the same time. The next test will be the annual report, which should show how much the automotive business itself improved when the effect of this sale is excluded.