◂ Announcements

Nov 2, 2021ACQUISITIONSveta Nedelja, Croatia, Croatia

Bugatti-Rimac joint venture starts operations

Porsche, Bugatti and Rimac form the Bugatti-Rimac joint venture, with Rimac Group owning 55% and Porsche AG 45%. The joint company is based in Sveta Nedelja, Croatia, and started operations on November 1, 2021.

Status

Completed

Productselectric hypercarssports cars

CompaniesPorsche investor Rimac Group acquirer Bugatti target

Sectors#Automotive Components

“This merger is the perfect solution for everyone involved. Together, we are forming a powerful automotive company.”automotiveworld.com

1 source
automotiveworld.comPorsche: Green light for the joint company Bugatti Rimac | Automotive WorldNov 2, 2021

Summarized from public sources; check the original articles before acting on it.

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Bugatti-Rimac joint venture starts operations · Endata