Overview
- The Guardia di Finanza seized ordinary shares worth about €1.3 billion on Friday after markets closed.
- The action seeks to secure an asserted €1.29 billion tax shortfall linked to past cross-border restructuring.
- The shares belong to Luxembourg-based Lagfin, which holds 51.8% of Campari.
- Authorities allege more than €5 billion in exit-tax gains were not properly reported in Italy.
- The case grew out of a 2023/24 audit of Campari’s Italian operations, and the investigation remains active.