A few hours before the publication of the results for the first half of 2025, the Ermenegildo Zegna Group announced on Tuesday that the Asian Fund Temasek Holdings Pte about his subsidiary Venezio Investments. Ltd. a ten percent participation in the clothing group. The Zegna Group and Temasek therefore signed a corresponding agreement. In it, the Italian group undertakes to sell around 14 million own shares to the investment company based in Singapore at a unit price of $ 8.95.
After completing the transaction that has now been agreed, Temasek will hold a total of 26.8 million shares in Zegna. This corresponds to ten percent of the group’s regular shares in circulation. Temasek had previously acquired 12.7 million shares on the market. After completing the purchase, the Ermenegildo Zegna Group receives $ 126.4 million (114.7 million euros) in cash. Nagi Hamiyeh, the Head of Emea near Temasek, will probably enter the group’s board of directors in June 2026. The transaction is expected for July 30th.
The partnership is intended to advance the international growth of the Zegna group
The aim of the partnership is to drive the international growth of the company founded by Ermenegildo Zegna and listed on the New York stock exchange, according to a statement. The transaction also strengthens the group’s balance sheet. Management is well positioned to use the strong dynamics of its brands.
The group enables greater financial flexibility to check specific opportunities to accelerate the organic growth of the existing brand portfolio, the group of companies said. The comprehensive experience of Temasek in the luxury segment and the well -founded knowledge of the Asian market would also help increase the growth opportunities of the Ermenegildo Zegna Group and to drive the expansion in important geographical regions in which the presence of the group is still underdeveloped.
“I am pleased to welcome Temasek as a strategic investor in the shareholder group of our group,” said Ermenegildo Zegna, the Chairman and CEO of the Ermenegildo Zegna Group. “The investment is strong support for our vision and our long -term growth potential. It recognizes the global importance of the Italian luxury industry. The partnership with Temasek is even better positioned to strengthen our organic expansion worldwide and to consolidate our unique role as a guardian of authentic brands.”
“The investment in Zegna underlines our continuous commitment to support leading European companies with proven track records and global potential,” added Hamiyeh. “We look forward to being a conscientious and long -term partner for the Zegna family and the management team. We want to enable you to implement your growth strategy and support your vision, strengthen the unique brands of the group and its global presence.”
Temasek is a global investment company based in Singapore. On March 31, she had a portfolio worth $ 434 billion in Singapore (299 billion euros). The Ermenegildo Zegna Group was supported by UBS AG as a financial advisor and Sullivan & Cromwell LLP.
This article was used with digital tools translated.
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