Overview
- A Monza judge authorized the preventive seizure, which the financial police executed by freezing ordinary shares held by Lagfin for €1,291,758,703.34.
- The block covers about 13% of Campari’s capital and secures a potential claim equal to the tax assessed by the Italian revenue agency.
- Investigators are examining suspected fraudulent declaration and corporate administrative liability, with Chairman Luca Garavoglia and executive Giovanni Berto under investigation.
- Authorities trace the case to Lagfin’s 2018 merger that absorbed its Italian unit holding Campari’s majority stake, with alleged undeclared capital gains exceeding €5.3 billion.
- Lagfin, a Luxembourg-based holding that controls over half of Campari shares and most voting rights, says this is a two-year tax dispute that does not involve Campari’s operations.