Ermenegildo Zegna (ZGN) said Tuesday its controlling shareholder, Monterubello, has acquired 913,000 shares of the luxury company as of Monday.
Monterubello plans to purchase 2 million additional Ermenegildo shares in the market in the coming weeks, the company said.
Ermenegildo shares were up nearly 2.5% in recent Tuesday trading.
Price: 7.47, Change: +0.18, Percent Change: +2.47
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