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flag Porsche sells stake in Bugatti Rimac to refocus on core business.

flag Porsche has agreed to sell its 45% stake in Bugatti Rimac and 20.6% ownership in Rimac Group to a consortium led by HOF Capital and BlueFive Capital. flag The move marks Porsche's full exit from the joint venture established in 2021, as the company refocuses on its core business amid financial challenges. flag Following the transaction, Rimac Group will assume control of Bugatti, with CEO Mate Rimac taking the helm.

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