Mate Rimac eyes full Bugatti takeover from Porsche

Croatian entrepreneur Mate Rimac aims to acquire Porsche’s 45 percent share in Bugatti Rimac and become the sole controller of the luxury automotive brand. Porsche faces declining sales and profits alongside slower electrification efforts, creating favorable conditions for a potential transaction. Rimac told Bloomberg he seeks a simpler ownership structure that allows long-term decision-making without explaining ideas to numerous shareholders.

The joint venture formed in 2021 gave Porsche 45 percent of Bugatti Rimac, while the Rimac Group retained 55 percent. Within the broader Rimac Group, founder Mate Rimac holds 37 percent, Porsche controls 24 percent, Hyundai maintains 12 percent, and smaller investors own the remainder. Rimac has presented a preliminary bid exceeding one billion euros with backing from international investors and private funds.

Completing this acquisition would make Rimac the absolute controller of Bugatti just a decade after starting his automotive company. The transaction would consolidate ownership and provide greater creative freedom for both the Bugatti and Rimac brands going forward.