Two Middle Eastern investors acquire stakes in Porsche's shares in Rimac and Bugatti

HOF Capital, co-founded by Anis Saïssi, and the UAE-based BlueFive Capital, founded by Hazem bin Qasim, announced the completion of their investments in Bugatti Rimac and Rimac Group, as part of a deal that fully concludes Porsche’s investments in the two companies. The deal grants investors stakes in the company that includes the Bugatti brand, the hypercar manufacturer known for its hybrid Tourbillon, priced at around $4 million. HOF Capital stated that, through a consortium it leads and which includes institutional investors from the United States and Europe, it has acquired Porsche’s entire interests in Bugatti Rimac and Rimac Group, after fulfilling all conditions and obtaining regulatory approvals. Porsche’s combined stakes were valued at approximately €1 billion.