Campari holding firm close to settling tax dispute -sources

Davide Campari Milano NV

09/12/2025 18:34

MILAN, Dec 9 (Reuters) - Lagfin SCA, the Luxembourg-based holding company that controls Italian drinks group Campari CPRI.MI, is negotiating with the Italian Revenue Agency to settle a tax dispute by paying around 400 million euros  ($464.88 million), two sources with direct knowledge of the matter told Reuters on Tuesday.

The figure, is around a third of the 1.29 billion euros worth of Campari shares that the Guardia di Finanza seized in October.

Lagfin was not immediately available for comment. At the time of the share seizure, Lagfin denied any wrongdoing.

Milan prosecutors last year launched a criminal probe after checks by the Guardia di Finanza police uncovered around 1 billion euros of allegedly unpaid taxes from 2018-2020, owed by Lagfin.

($1 = 0.8604 euros)

 (Reporting by Elisa Anzolin and Emilio Parodi, editing by Giselda Vagnoni)

 ((emilio.parodi@thomsonreuters.com; +39 06 8030 7744))