Porsche earns 1 billion from Bugatti and Rimac sale

Porsche has achieved revenues of one billion euros from the sale of its stakes in Bugatti and Rimac, following the completion of the deal with regulatory approval. This move aims to boost cash flows and increase the expected free cash flow margin for this year to between 5.5% and 7.5%, up from the previously projected 3% to 5%. The company is allocating 250 million euros of the proceeds to fund its pension obligations. This step comes amid expectations of rising cash flows and follows the sale of its holdings in Bugatti and Rimac.

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