Porsche (Vz)

Porsche has completed the sale of its stakes in Bugatti Rimac and in the Rimac Group, realizing proceeds of around €1 billion. €250 million will be used to fully fund pension obligations, with the remainder supporting a focus on the core business. Due to the inflow of funds, Porsche raises the expected net cash-flow margin in the automotive segment for 2026 to 5.5–7.5 percent (previously 3–5 percent). » Mere på faz.net

Porsche is transferring its 45 percent stake in the joint venture Bugatti Rimac and 20.6 percent in Rimac Group to a consortium led by HOF Capital, raising around one billion euros. The deal raises the forecast for the auto business’s net cash flow margin this year to up to 7.5 percent (previously a maximum of 5 percent). €250 million from the sale is to be used to finance pension obligations. CEO Michael Leiters is continuing the group’s restructuring and plans to present the strategy and financial plan for the next five years at the capital markets day on October 7. » Mere på deraktionaer.de

Porsche has completed the sale of its stakes in Bugatti Rimac and the Rimac Group, generating proceeds of around €1 billion. €250 million of the proceeds will be used to fully fund pension obligations; the remainder will support the cost-cutting drive and a focus on the core business. The cash inflow raises Porsche’s expected net cash-flow margin in the automotive division for 2026 to 5.5–7.5 percent (previously 3–5 percent). » Mere på wiwo.de