Overview
- The Guardia di Finanza seized ordinary shares held by Lagfin, the Luxembourg-based holder of 51.8% of Davide Campari‑Milano.
- Investigators cite suspected unreported gains exceeding €5 billion from a past restructuring subject to Italy’s exit-tax rules.
- Investigators accuse Lagfin of filing a fraudulent tax return, drawing on findings from a 2023/24 audit of Campari’s Italian unit.
- The share freeze was executed after Friday’s market close to secure the claimed amount during the ongoing investigation.
- Lagfin says it has always complied with applicable laws, while Campari’s market value is reported to be above €7 billion.