Porsche has agreed to sell its holdings in sports car makers Bugatti and Rimac to an investor consortium led by U.S.-based HOF Capital, co-founded by Onsi Sawiris, the former head of Egypt’s powerful Sawiris family, Reuters reported.
The deal includes Porsche’s 45% stake in Bugatti Rimac — a joint venture established in 2021 — as well as its 20.6% stake in Rimac Group. No additional terms were disclosed.
The move comes as Porsche reassesses its strategy following a sharp decline in financial performance. The company reported a 93% drop in operating profit in 2025, with profit margins falling to 1.1% from 14.1% a year earlier, amid pressure from U.S. tariffs and weaker demand in China.
Porsche CEO Michael Leiters said the sale would allow the company to focus on its core business after establishing a foundation for Bugatti’s future through the joint venture.
Rimac Group is expected to take control of Bugatti Rimac upon completion of the transaction and form a strategic partnership with BlueFive Capital and HOF Capital to support further growth.
