Sawiris family in talks to buy Porsche’s stake in Bugatti maker

Egypt’s billionaire Sawiris family is seeking to enter the high-stakes world of super sports cars.

HOF Capital, a firm cofounded by two members of the Egyptian clan, and BlueFive Capital are in talks to buy Porsche’s stake in Bugatti Rimac, Bloomberg reports.

The discussions center on Porsche’s holding in the venture it runs with Rimac Group, which combines the Bugatti brand with Rimac’s electric performance technology.

If completed, the deal could also include Porsche’s stake in Rimac itself, potentially bringing fresh capital into the Croatian electric car business.