Porsche exits Rimac stake; HOF Capital consortium acquires for €820M

Porsche has sold its stake in Rimac to a consortium led by HOF Capital for €820 million, with €250 million allocated to pension obligations. The deal marks a significant divestment for Porsche, likely reflecting a strategic shift away from its EV partnership with Rimac. The transaction's impact on Rimac's future funding and Porsche's EV strategy remains uncertain.