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This is pretty interesting news, Rimac is set to buy Bugatti from Volkswagen Group.

The move affects Porsche in a big way because in exchange for Bugatti Porsche will get a larger stake in Rimac. Which could mean more developments in their EV tech.

Rimac isn’t yet publicly traded, with the founder holding a 51 per cent majority interest. But there is an enormous buzz around the company – the last funding round pegged its value north of £500m. The biggest secondary shareholders are Porsche, the Camel Group (a Chinese battery producer) and a Chinese investor. While the true value of Rimac is yet to-be-determined by an IPO, Bugatti is probably worth €500m in today's depressed market. But perhaps there is no need for any money to flow at all in the deal.

In an ideal world, Porsche would swap the hypercar-maker lock, stock and barrel for a bigger share of the Rimac action. How big? The target is 49 per cent, which could be a tough nut to crack, but the Germans are keen on accessing as much know-how and brain power as they possibly can.

In exchange, the 32-year-old entrepreneur would obtain the Bugatti brand and the related infrastructure which looks like the perfect stepping stone for that tiny-volume C-Two hypercar. In July, Rimac paid a visit to Bugatti in Molsheim - and reportedly walked away impressed...

If the supervisory board signs off the agreement, the current Bugatti CEO Stephan Winkelmann is unlikely to stay. When asked for comment, neither Winkelmann nor the Porsche boss Oliver Blume replied. We also approached Bugatti's communications department for comment; a spokesperson declined to comment on the rumours, but said that the brand had been 'a positive contribution to the Group for the past two years' and that the brand was 'on track to exceed 2019's sales.'
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