45% is the direct ownership, but Porsche also has indirect ownership on top. From the Rimac press releases we have two different states with accompanying chart

45% is the direct ownership, but Porsche also has indirect ownership on top. From the Rimac press releases we have two different states with accompanying charts. 2021-07-05 - Porsche owns 45% of the joint venture directly, plus 24% of Rimac for an effective total of 58.2%. [1] 2021-11-02 - Porsche owns 45% of the joint venture directly, plus 22% of Rimac for an effective total of 57.1%. [2] -- [1] https://www.rimac-automobili.com/media/press-releases/rimac-and-bugatti-combine-forces-in-historic-new-venture/ https://www.rimac-automobili.com/media/press-releases/rimac-... [2] https://www.rimac-automobili.com/media/press-releases/rimac-automobili-and-bugatti-begin-operating-under-new-company/ https://www.rimac-automobili.com/media/press-releases/rimac-...