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Porsche Sells Bugatt Stake
Description
Porsche AG agreed to sell its 45% stake in Bugatti Rimac to a consortium led by HOF Capital, with BlueFive Capital as the largest investor. Porsche is also divesting its 20.6% stake in Rimac Group, marking a full exit from the Croatian automaker. Rimac Group will take full operational control. Porsche said the move refocuses the company on its core business amid pressure from tariffs, rising costs, and weaker China demand.
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