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Stock impact report

Zegna's controlling family shareholder raises stake in group [Yahoo! Finance Canada]

Ermenegildo Zegna N.V. (ZGN) 
It added the holding company, which already holds 60% of Zegna, intended to buy a further 2 million shares, or 0.79%. "Our family firmly believes that the purchase of additional shares in the Ermenegildo Zegna Group represents a very strong investment,” said Zegna CEO Ermenegildo Zegna, known as Gildo, who is also chairman of Monterubello. "Given market volatilities and uncertainty, the Zegna family believes that the Group's current stock valuation does not reflect its real potential," he added. The group's market capitalisation is around 1.7 billion euros ($1.8 billion), according to LSEG data.($1 = 0.9422 euros) (Reporting by Giulia Segreti; Editing by Keith Weir) Recommended Stories Show less Read more
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