KKR Said in Talks to Buy Data-Center Firm STT GDC in $5b Deal
The US investment firm and ST Telemedia Pte could reach a deal in the coming weeks, the people said. KKR is already a backer in the closely held data center company known as STT GDC with a 14.1% stake. At a more than $5 billion valuation, the deal could be among the largest for KKR this year, according to data compiled by Bloomberg.
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2 hours ago
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Ermenegildo Zegna Group Inks Agreement to Sell Stake to Temasek
MILAN – Capitalizing on the momentum of its brands, the Ermenegildo Zegna Group is welcoming a new partner. Zegna has inked an agreement to sell 14.1 million shares to Venezio Investments Pte. Ltd., an indirect wholly-owned subsidiary of Singapore-based investment company Temasek Holdings. More from WWD Inside the Larger-than-life Legacy of C.P. Company and Stone Island Founder Massimo Osti Zegna to Bring Environmental Conservation Initiative to Aspen Mitchells Hosts Top Italian CEOs for Celebratory Dinner in Milan The price was pegged at $8.95 a share, an average of Zegna share prices over the period from June 30 to July 25, so that upon the closing, expected on Wednesday, the Italian group will receive a total of $126.4 million. Zegna is publicly listed on the New York Stock Exchange and Temasek previously acquired 12.7 million ordinary through market purchases. After the closing of the transaction, Temasek will owm a total of 26.8 million shares, equivalent to 10 percent of Zegna. 'I am delighted to welcome Temasek as a strategic investor in our group's shareholder base,' said Gildo Zegna, chairman and chief executive officer of the group. 'Their investment is a strong endorsement of our vision and long-term growth potential, while firmly recognizing the global significance of the Italian luxury sector. With Temasek's partnership, we are even better positioned to help strengthen our organic expansion globally and to reinforce our unique role as a custodian of truly authentic brands.' Nagi Hamiyeh, head of EMEA of Temasek, stated that the Zegna Group 'has successfully established itself in the high-end luxury segment and presents significant long-term value creation opportunities across each brand. Our investment in them underscores our ongoing commitment to support leading European businesses with strong track records and global potential.' Hamiyeh concluded by saying that Temasek will be 'a thoughtful, long-term partner to the Zegna family and management team, empowering them to execute on their growth strategy and supporting their vision to elevate their iconic brands and global footprint.' In a statement, Zegna said 'the enhanced financial flexibility will allow the group to carefully seize selected opportunities for accelerating the organic growth of the current brand portfolio.' It pointed to Temasek's 'wealth of experience in the luxury sector and deep knowledge of the Asian market' contributing to the Zegna group's 'growth prospects and support the expansion in key geographies' where it is still underdeveloped. Hamiyeh is expected to join the Zegna Group's board of directors in June 2026. Temasek has a wide range of investments in different business, among which are Amazon, Visa Inc. and Singapore Airlines. It had previously invested in Stone Island and Li & Fung. Best of WWD EXCLUSIVE: Sean Combs Regains Control of Sean John Brand Isabel Marant Said in Play Again: Sources Holding Industriale Invests in Shoe Specialist Valmor
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2 hours ago
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How To Earn $500 A Month From Visa Stock Ahead Of Q3 Earnings
Visa Inc. (NYSE:V) is set to report third-quarter earnings after the closing bell on Tuesday, July 29. The report follows news that Japan's Fair Trade Commission has taken its first administrative action against the credit card industry, targeting Visa Worldwide Pte Ltd.—a Singapore-based subsidiary—for alleged monopolistic practices. Analysts expect the San Francisco-based company to report earnings of $2.85 per share, up from $2.42 per share a year ago. Revenue is projected to reach $9.85 billion, compared to $8.9 billion in the same quarter last year, according to Benzinga Pro. Amid heightened attention on Visa, some investors are also eyeing its dividend potential. The company currently offers a dividend yield of 0.66%, paying 59 cents per share semi-annually, or $2.36 annually. So, how can investors exploit its dividend yield to pocket a regular $500 monthly? For a more modest $100 per month or $1,200 per year, you would need $180,579 or around 508 shares. To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($2.36 in this case). So, $6,000 / $2.36 = 2,542 ($500 per month), and $1,200 / $2.36 = 508 shares ($100 per month). View more earnings on V Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time. How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price. For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40). Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield. V Price Action: Shares of Visa fell 0.4% to close at $355.47 on More: Image: Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? VISA (V): Free Stock Analysis Report This article How To Earn $500 A Month From Visa Stock Ahead Of Q3 Earnings originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
3 hours ago
- Yahoo
GCCs drive finance and accountancy jobs in India: ACCA
A new report from the Association of Chartered Certified Accountants (ACCA) highlights how India's global capability centres (GCCs) are boosting economic growth by driving services exports and creating finance and accountancy jobs. GCCs in India are transforming from back-office support hubs to global value creators, leading innovation and technological advancements for international corporations, the association said. These centres are expected to contribute 2% of India's GDP and generate 2.8 million jobs by 2030. In FY24, GCCs generated approximately $64.6bn in export revenue, a 40% increase from $46bn in FY23. By 2030, 20,000 global leadership roles are projected to be based in India. The growth is supported by a skilled workforce, expansion into tier-II cities, favourable government policies, and improving infrastructure. As GCCs mature, finance roles are evolving beyond traditional boundaries to focus on process improvement and cost transformation initiatives. Opportunities are expanding in business partnering, procurement, reporting, planning, and analysis. Entry-level roles now focus on data analytics, FP&A, and compliance management, while mid-level roles drive process improvements and transformation. ACCA said that finance professionals need to develop higher skills and capabilities, including an understanding of finance functions, comfort with data and digital tools, and the ability to collaborate with global teams. Successful collaboration among state and non-state actors is crucial to managing risks and maximising momentum, it added. India requires a comprehensive GCC strategy supported by policymakers to promote innovation, create skilling initiatives, and streamline regulations. ACCA policy and insights lead for India and report author Pooja Chaudhary said: 'The report highlights the factors driving GCC success in India and what's needed to sustain it. Strong leadership, cross-cultural talent, and collaboration between global and local teams are key to running a successful GCC. 'As GCCs take on more strategic roles, they must work with policymakers to streamline regulation and partner with academia to bridge skill gaps while continuing to create value through innovation and alignment with the parent organisation.' Earlier in July 2025, ACCA published a report on AI implications for the accountancy sector, highlighting the need for finance teams to adapt to new roles and responsibilities. The AI Monitor report suggests that AI will transform the accountancy profession by changing task execution at all levels. It emphasises the need for human oversight, focusing on "human interaction, transparency, and oversight" to ensure AI systems adhere to professional standards and regulations "GCCs drive finance and accountancy jobs in India: ACCA" was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
