Ermenegildo Zegna N.V. announced a strategic partnership with Temasek, the Singapore-headquartered investment company, which will invest in the Italian luxury Group. Temasek agreed to purchase 14,121,062 of the Company's treasury shares at a price of $8.95 per share.
Combined with 12,699,981 ordinary shares previously acquired through market purchases, Temasek will hold a 10% stake in Ermenegildo Zegna Group's ordinary share capital outstanding after the transaction's conclusion. The Group will receive a total cash consideration of $126.4 million from the purchase of treasury shares.
Chairman and CEO Ermenegildo 'Gildo' Zegna stated that Temasek's investment is a strong endorsement of the Group's vision and long-term growth potential, recognizing the global significance of the Italian luxury sector. The enhanced financial flexibility is expected to accelerate organic growth and leverage Temasek's expertise in the luxury sector and Asian market.
Nagi Hamiyeh, Head of EMEA of Temasek, is expected to join the Group’s Board of Directors in June 2026. The transaction is anticipated to close by July 30, 2025, further strengthening the Group's balance sheet.
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