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Italian Authorities Seize €1.3 Billion in Campari Shareholder Probe

11/1/2025

Summary

Story summary

The Italian authorities seized €1.3 billion in shares from Lagfin, Campari Group's controlling shareholder, amid a tax-evasion probe.
Milan prosecutors allege Lagfin failed to pay taxes on €5.3 billion in undeclared capital gains from 2018–2020.
Campari Group says it complies with tax laws and had no involvement in the allegations.
Lagfin holds more than 50% of Campari shares, and the seizure does not remove its control; the investigation continues.

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Story summary

The Italian authorities seized €1.3 billion in shares from Lagfin, Campari Group's controlling shareholder, amid a tax-evasion probe.
Milan prosecutors allege Lagfin failed to pay taxes on €5.3 billion in undeclared capital gains from 2018–2020.
Campari Group says it complies with tax laws and had no involvement in the allegations.
Lagfin holds more than 50% of Campari shares, and the seizure does not remove its control; the investigation continues.