Croatian Entrepreneur Mate Rimac Closer and Closer to Bugatti Takeover

Lauren Simmonds

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As Poslovni Dnevnik writes, Bugatti and the Croatian entrepreneur Mate Rimac are becoming closer than ever in their relations, with a company takeover from Rimac seeming closer to coming to fruition than ever.

“At the moment, we’re thinking intensively about how to ensure the development of Bugatti in the best possible way. Croatian entrepreneur Mate Rimac could play a significant role in all of that because the two brands fit very well in a technological sense,” Porsche’s Oliver Blume told Automobilwoche.

The Croatian company Rimac Automobili and Volkswagen’s supercar brand Bugatti are a fantastic couple in terms of technology, said Oliver Blume, Porsche’s director for German Automobilwoche, Reuters reports. The statement reawakened hope that Croatian entrepreneur Mate Rimac’s beloved company could indeed take over the gigantic Bugatti, which has, as Telegram writes, been being talked about for several months now and would mean an enormous amount for Croatia’s place on the car map.

Namely, back in September last year, the British portal CarMagazine announced that the Volkswagen Group would hand over Bugatti to Rimac Automobili, in exchange for increasing Porsche’s share in Rimac’s impressive company headquartered in Sveta Nedelja near Zagreb.

Volkswagen is also the owner of the Porsche brand, which has acquired a 15.5 percent stake in the Croatian company over the years. Back in 2018, they bought a 10 percent stake, and a year later they purchased another 5.5 percent of it. Britain’s CarMagazine then claimed that VW’s management intended to increase that share to a significantly higher 49 percent.

“There are different scenarios with different structures that we’re looking into. I believe that a decision on this issue will be made in the first half of this year,” noted Oliver Blume.

For more on Mate Rimac, follow our dedicated section.



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