Rimac wants to take control of the stake held by Porsche in Bugatti Rimac

In 2021, the Croatian manufacturer Rimac, known for its electric supercars, acquired a 55 percent stake in Bugatti, with the remainder held by Porsche -which until then owned 100 percent of the company-, thus creating a new joint venture under the name Bugatti Rimac.

Four years later, Rimac has now shown its interest in going one step further and gaining full control of the company, by acquiring the 45 percent stake held by Porsche. According to some recent reports, Rimac has already submitted an initial acquisition offer to Porsche, which the German manufacturer is reportedly analysing. These same reports also claim that Rimac could team up with other investors to carry out this deal.

The negotiations, in any case, appear to still be at a preliminary stage and there is no certainty that an agreement will be reached. A Rimac spokesperson has declined to comment on this alleged interest in acquiring Porsche’s stake in Bugatti Rimac. Meanwhile, the Stuttgart firm says it is constantly evaluating options with the aim of optimising its holdings in various projects, which keeps it in constant collaboration with its partners and investors. In any case, the company has neither confirmed nor denied that it has received a purchase offer from Rimac.

Partners fight for full control of Bugatti Rimac

The current situation is, moreover, rather peculiar, since until the end of last year certain rumours pointed to Porsche being the one interested in increasing its stake in Bugatti Rimac in order to take control of the company. In fact, it was even suggested that a third investor might take part to make the operation possible.

At that time, Mate Rimac, founder of the Croatian high-performance electric vehicle firm, admitted that there had been talks in this regard, but made it very clear that his intention at that moment was not to see his stake in Bugatti Rimac reduced, but quite the opposite.

It remains to be seen how all this will end, and who will ultimately see their stake in Bugatti Rimac increased, but the current situation of the car market leads us to think that it will be Porsche that ends up giving way. This tug-of-war reflects Rimac’s ambition to establish itself in the market, while Porsche seeks to balance its interests in a sector in constant change.