Monterubello, Ermenegildo Zegna Group’s Controlling Shareholder, Purchased 913,000 Shares and Intends to Acquire Additional 2 Million Shares
Ermenegildo Zegna N.V. (ZGN)
Company Research
Source: Business Wire
MILAN--(BUSINESS WIRE)--Ermenegildo Zegna N.V. (NYSE:ZGN) (the “Company” and, together with its consolidated subsidiaries, the “Ermenegildo Zegna Group” or the “Group”) was informed today that Monterubello s.s. (“Monterubello”), as of November 11, 2024, purchased 913,000 ZGN shares in the market and that it intends to buy a further two million ZGN shares in the market in the coming weeks.“Our family firmly believes that the purchase of additional shares in the Ermenegildo Zegna Group represents a very strong investment,” said Ermenegildo “Gildo” Zegna, Chairman of Monterubello and Chairman and CEO of the Ermenegildo Zegna Group. “Given market volatilities and uncertainty, the Zegna family believes that the Group’s current stock valuation does not reflect its real potential.”Monterubello is owned by members of the Zegna family and it is the controlling shareholder of the Group through its 60% holding of the Company’s 252,416,479 million ordinary shares outstanding at October 31, 20
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News
- Ermenegildo Zegna (NYSE: ZGN) was upgraded by analysts at BNP Paribas to a "hold" rating.MarketBeat
- Ermenegildo Zegna (NYSE: ZGN) is now covered by analysts at Morgan Stanley. They set an "underweight" rating and a $7.20 price target on the stock.MarketBeat
- Zegna's controlling family shareholder raises stake in group [Yahoo! Finance Canada]Yahoo! Finance Canada
- Zegna's controlling family shareholder raises stake in group [Yahoo! Finance]Yahoo! Finance
- Ermenegildo Zegna (NYSE:ZGN) Eyes Expansion with Strong Earnings Growth and Strategic Management [Yahoo! Finance]Yahoo! Finance
ZGN
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 6-K
- 10/22/24 - Form 6-K
- ZGN's page on the SEC website