Jurriën timber
Bloomberg reports that negotiations are also underway to sell Porsche’s stake in the Rimac Group, which controls Bugatti. The deal could be worth a billion euros.
HOF Capital, founded by the Egyptian billionaire Sawiris family, and Abu Dhabi fund Blue Five Capital are behind the offer.
Negotiations are reportedly ongoing, and the deal could close within weeks.
In addition to acquiring Porsche’s stake, new investors could inject new capital into Bugatti-Rimac to finance further expansion.
Founder Mate Rimac reportedly owns 55 percent of Bugatti-Rimac, and Porsche controls 45 percent. The company owns the Bugatti hypercar brand.
Rimac CEO, Mate Rimac
Read More: All Bugatti Tourbillion Have Been Sold Out By Rimac Even Before Production Started