[SINGAPORE] Temasek has signed a share-purchase agreement with Ermenegildo Zegna to purchase a 5 per cent stake in the Italian luxury group at US$8.95 a share, for a total of US$126.4 million on Tuesday (Jul 29). The shares will come from Ermenegildo Zegna’s treasury shares. Combined with Temasek’s share purchases on the open market, this will bring the Singapore investment company’s stake to 10 per cent after the transaction is completed on Jul 30. The cash consideration will add to Ermenegildo Zegna’s balance sheet and enable the company to seize selected opportunities for organic growth of its brand portfolio. Ermenegildo “Gildo” Zegna, chairman and chief executive officer of the group, said: “This investment is a strong endorsement of our vision and long-term growth potential, while firmly recognising the global significance of the Italian luxury sector.” https://www.businesstimes.com.sg/companies-markets/temasek-buy-5-stake-ermenegildo-zegna (ICE SINGAPORE)

Fonte notizia: The Business Times, 29 July 2025