Overview
- The Guardia di Finanza in Milan executed a preventive seizure of €1,291,758,703.34 in Campari shares owned by Luxembourg-based Lagfin on order from authorities in Monza.
- The block was placed on ordinary shares up to the contested tax amount, corresponding to roughly 13% of Campari’s capital.
- Investigators allege Lagfin failed to pay Italy’s exit tax on more than €5.3 billion in capital gains triggered by a 2018 cross-border merger.
- The order was signed by the Monza preliminary investigations judge in a probe citing suspected fraudulent tax declaration and corporate administrative liability.
- Italy’s tax agency has requested about €1.2 billion from the holding, and the criminal and corporate-liability investigations remain ongoing without any convictions reported.