# Rimac Group corporate and export developments

> Live situation record from CLSTR: https://clstr.news/situations/rimac-group-corporate-and-export-developments
> Updated: 2026-09-09T17:01:11.000Z. Sources: 37. Developments: 2.

The Rimac Group has become a major driver of Croatian exports, with luxury cars and battery systems ranking among the nation’s top products. In 2025, Bugatti Rimac and Rimac Technology were among Croatia’s largest goods exporters, generating significant revenue and profit through various holdings and related-party transactions.

On September 9, 2026, Porsche finalized the sale of its 21% stake in Rimac Group and its 45% stake in Bugatti Rimac to an investment consortium led by HOF Capital, which includes BlueFive Capital. The transaction follows regulatory approvals and is expected to generate approximately €1 billion in proceeds. Porsche intends to use €250 million of these funds to finance pension obligations, a move part of a broader strategy to focus on its core business and optimize its financial structure. This divestment is expected to improve Porsche’s 2026 net cash flow margin to between 5.5% and 7.5%, an increase from the previous estimate of 3% to 5%.

The ownership change marks the end of Bugatti’s long-standing connection to the Volkswagen Group, which began in 1998. Following the restructuring, Rimac Group maintains a 55% majority stake in Bugatti Rimac. Mate Rimac, the current CEO of Bugatti Rimac, has assumed the additional role of President of Bugatti Automobiles, replacing Christophe Piochon. Additional leadership changes include the appointment of Marko Brkljačić, formerly of Rimac Technology, as COO of Bugatti Rimac and Hendrik Malinowski as Chief Commercial Officer.

## Claims

- Porsche has completed the sale of its stakes in Bugatti Rimac and Rimac Group (corroborated by 21 sources)
- An investment consortium led by HOF Capital acquired the shares. (corroborated by 12 sources)
- Porsche expects proceeds of approximately 1 billion euros from the sale. (corroborated by 11 sources)
- Porsche will use €250 million of the proceeds to fund pension obligations. (corroborated by 10 sources)
- Mate Rimac will personally take over the role of President of Bugatti Automobiles. (corroborated by 8 sources)
- Rimac Group retains a 55% majority stake in Bugatti Rimac. (corroborated by 8 sources)
- Porsche raised its 2026 automotive net cash flow margin forecast to between 5.5% and 7.5%. (corroborated by 7 sources)
- Christophe Piochon is leaving his roles as President of Bugatti Automobiles and Chief Operating Officer of Bugatti Rimac. (corroborated by 6 sources)

## Timeline

### 2026-09-09: Porsche completes sale of Bugatti Rimac and Rimac Group stakes

Porsche has completed the sale of its stakes in Bugatti Rimac and Rimac Group to a consortium led by HOF Capital for approximately €1 billion, resulting in a leadership reshuffle headed by Mate Rimac.

37 sources. https://clstr.news/cluster/porsche-sells-stakes-in-bugatti-rimac-to-optimize-capital

### 2026-08-15: Rimac Group companies rank among top Croatian exporters

Rimac Group companies, including Bugatti Rimac and Rimac Technology, have become leading Croatian exporters, specializing in luxury cars and battery systems.

2 sources. https://clstr.news/cluster/rimac-group-companies-rank-among-top-croatian-exporters

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Cite as: Rimac Group corporate and export developments. CLSTR, https://clstr.news/situations/rimac-group-corporate-and-export-developments