10:06 AM EDT, 07/29/2025 (MT Newswires) -- Ermenegildo Zegna ( ZGN ) said Tuesday it entered into an agreement under which Singapore-based investment firm Temasek will purchase around 14.1 million of its treasury shares at $8.95 per share, for a total of $126.4 million in cash.

Together with the approximately 12.7 million Zegna shares that Temasek already owns, the new investment will raise its stake in the Italian luxury goods group to 10%, according to a statement.

The transaction is expected to close by July 30, Ermenegildo Zegna ( ZGN ) said.

Nagi Hamiyeh, head of EMEA at Temasek, is expected to join the Ermenegildo Zegna ( ZGN ) board in June 2026, the company said.

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