Italy prosecutors seize 1.3 bln euros from Campari holding company over alleged tax evasion

Davide Campari Milano NV

31/10/2025 18:57

MILAN, Oct 31 (Reuters) - Italian tax police said on Friday they had seized shares worth 1.29 billion euros ($1.50 billion) from the holding company that controls Italian drinks group Campari CRPI.MI, over alleged tax evasion.

Neither Campari nor the Luxembourg-based holding company Lagfin SCA were immediately available for comment.

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.

The investigation was then transferred to the nearby public prosecutor's office in the city of Monza.

Last year, Lagfin said in a press release that "the company has always fulfilled its tax obligations ... in all the jurisdictions where it operates and considers any potential objection to be devoid of any basis."

Police said in their statement on Friday they had found 5.3 billion euros of undeclared revenues on which the company failed to pay a so-called "exit tax", levied on firms that transfer their fiscal headquarters abroad.

($1 = 0.8575 euros)

 (Reporting by Emilio Parodi, editing by Gavin Jones)

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