Overview
- On Oct. 31, the Guardia di Finanza executed a court-ordered preventive seizure by blocking Lagfin’s ordinary Davide Campari Milano shares worth €1,291,758,703.34.
- The block covers about 13% of Campari’s capital to secure the amount authorities contend matches unpaid tax.
- The Monza prosecutor’s office, led by Claudio Gittardi, alleges Lagfin failed to pay Italy’s exit tax after a cross-border merger and did not declare capital gains exceeding €5.3 billion.
- The tax agency has sought roughly €1.2 billion, and suspected offenses include fraudulent tax declaration and corporate administrative liability, with the investigation ongoing.
- Il Giornale reports that Luca Garavoglia and Giovanni Berto have been placed under investigation, and Campari shares fell 1.99% on Friday after the development.