Italian authorities confiscate $1.5 billion from Campari parent company in tax investigation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 01 2025
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Source: Reuters
Tax Seizure: Italian tax police seized shares worth 1.29 billion euros from Lagfin SCA, a Luxembourg-based holding company controlling Campari, over alleged tax evasion.
Denial of Wrongdoing: Lagfin SCA denied any wrongdoing and stated it would defend its position, while Campari claimed it and its subsidiaries were not involved in the case.
Investigation Background: The investigation began after police uncovered around 1 billion euros of unpaid taxes from 2018-2020, leading to the seizure order issued by the public prosecutor's office.
Capital Gains Issue: Authorities found 5.3 billion euros of undeclared capital gains related to a merger, which Lagfin failed to pay an "exit tax" on, affecting its fiscal operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
