Temasek plans to raise its stake in Ermenegildo Zegna up to 10%, source say
Temasek already owns just under 5% of Zegna and would acquire another 5% in treasury shares, one of the sources said.
The transaction will bring additional money to the company, the second source added, defining it "a purely financial deal".
Zegna currently has a market capitalisation of around $2.3 billion.
Temasek will get one non-executive seat in the fashion house's board of directors next year, the sources said, adding that an announcement is expected later in the day.
Temasek and Zegna declined to comment.
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