Bugatti Taken Over by Electric Supercar Maker Rimac

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Croatia’s electric supercar maker Rimac Automobili announced a merger with French carmaker Bugatti Automobiles on Monday. According to
Associated Press, the deal is estimated to be worth millions of euros.
The newly-combined company will be called Bugatti Rimac LLC, and Rimac Group will be the majority shareholder with a 55 percent stake. Mate Rimac, the namesake company’s founder and Bugatti Rimac LLC’s new CEO, will retain his original shareholding in the new Rimac Group at 37 percent, with Porsche at 27 percent, Hyundai Motor Group at 12 percent and other investors at 27 percent.
As part of the deal, Bugatti and Rimac will continue to operate as separate brands and retain their own production facilities and distribution channels.

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