Overview
- Italy’s financial police seized Campari ordinary shares worth nearly €1.3 billion after markets closed on Friday.
- The stock belongs to Luxembourg-based Lagfin, the company’s majority owner with a 51.8% stake in Davide Campari‑Milano.
- Investigators allege more than €5 billion in exit‑tax gains from a past reorganization were not reported for taxation in Italy.
- Authorities estimate a resulting shortfall of about €1.29 billion and accuse the holding of filing a fraudulent tax return.
- The investigation followed a 2023/24 tax audit of Campari’s Italian unit, and the group’s market value is reported at over €7 billion.