Overview
- The Guardia di Finanza froze Davide Campari-Milano ordinary shares on Friday after the market close.
- The seized stock is held by Lagfin, which owns 51.8% of the Milan-based spirits group.
- Investigators say gains from a prior merger were not reported under exit-tax rules, citing more than €5 billion that should have been taxed.
- Authorities attribute the case to a 2023/24 tax audit of Campari’s Italian operations, and they allege a fraudulent tax declaration.
- Campari’s market value is reported at over €7 billion, and the probe remains active with no final rulings announced.