Ermenegildo Zegna to purchase 10% stake in Venezio Investments

Ermenegildo Zegna (ZGN) and Venezio Investments announced an agreement under which the Singapore-headquartered investment company will invest in the Italian luxury Group. Temasek has agreed to purchase 14,121,062 in the company treasury shares, at a price of $8.95 per share, in line with the volume-weighted average of ZGN shares’ prices over the period from June 30 to July 25. Temasek has previously acquired 12,699,981 ordinary shares of the company through market purchases which, together with the shares to be acquired in the transaction, will represent a 10% stake in the company’s ordinary share capital outstanding after conclusion of the transaction. Upon the closing of the transaction, Ermenegildo Zegna Group will receive a total cash consideration of $126.4M. The transaction will reinforce the group’s balance sheet at a time when management is well-positioned to capitalize on the strong momentum of its brands. The enhanced financial flexibility will allow the group to carefully seize selected opportunities for accelerating the organic growth of the current brand portfolio. Temasek wealth of experience in the luxury sector and deep knowledge of the Asian market will contribute to the Ermenegildo Zegna Group growth prospects and support the expansion in key geographies where the group’s presence remains underdeveloped. Nagi Hamiyeh, Head of EMEA of Temasek, is expected to join the Group’s board of directors in June 2026. The Transaction is expected to close by July 30th, 2025.