Zegna's controlling family shareholder raises stake in group [Yahoo! Finance]
Ermenegildo Zegna N.V. (ZGN)
Company Research
Source: Yahoo! Finance
The Monterubello holding company, owned by members of the founding Zegna family, had purchased 913,000 shares - or 0.36% of the Italian group - on the market as of Nov. 11, a company statement said. 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)
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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
- Monterubello, Ermenegildo Zegna Group’s Controlling Shareholder, Purchased 913,000 Shares and Intends to Acquire Additional 2 Million SharesBusiness Wire
- 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