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Porsche has a 45% stake in Bugatti Rimac and a 22% stake in Rimac Group, which has a 55% stake in Bugatti Rimac. So it's complicated.
by KingOfCoders 3y ago
Porsche has a 45% stake in Bugatti Rimac and a 22% stake in Rimac Group, which has a 55% stake in Bugatti Rimac. So it's complicated.
- WanderPanda 3y agoI like my conglomerates like my datastructures, directed and acyclic :p
- TacticalCoder 3y agoNot that complicated. Porsche was once described as "the hedge fund that happens to also build cars". Porsche did this stake here and there thing precisely to gain > 50% of Rimac voting rights. It's simple really: Porsche controls Rimac. Then there's the whole "VW took control of Porsche after the short squeeze made by Porsche to try to acquire VW failed" (it failed due to the sudden crash during the 2008 banking crisis IIRC). And now Porsche is apparently spinning out of VW and shall be independent again.
- cinntaile 3y agoThey only own 22% in Rimac, that's not a controlling stake. Therefore they don't have > 50% of Rimac (Rimac Bugatti I assume) voting rights.
- deleted 3y ago[deleted]