Rimac Mulls Buying Porsche’s Stake in Hypercar Joint Venture Bugatti

Croatian sports-carmaker Rimac Group is interested in buying out Porsche AG’s stake in their joint venture Bugatti Rimac, according to people familiar with the matter.

Closely held Rimac recently made a preliminary offer for Porsche’s 45% stake that valued the joint venture at slightly over €1 billion ($1.1 billion), said the people, who asked not to be identified as the information is private. Rimac could team up with other investors, the people said.