Campari shares fall after tax police seize €1.29 billion

Campari shares fall after tax police seize €1.29 billion

Shares in Campari fell 5% today after Italian tax police seized €1.29 billion worth of shares in the Italian drinks maker held by its controlling shareholder for alleged tax evasion.

Campari Drops After Italy Seizes Shares in Tax-Fraud Probe

Davide Campari-Milano NV shares fell after Italian prosecutors on Friday ordered the seizure of around €1.3 billion ($1.5 billion) in shares from the holding company that controls the drinks maker.

Campari's controlling shareholder has €1.2bn shares seized over alleged tax evasion

Lagfin, which owns 50% of the global drinks giant The Campari Group, has had over €1.2 billion worth of shares seized by Italian authorities amid allegations of tax evasion.

Campari Says No Effects To Business From Holding Company's Tax Investigation - Shanken News Daily

Lagfin, the Luxembourg-based holding company of Campari Group, late last week saw Italian tax authorities seize approximately €1.2 billion ($1.4b) in shares on a precautionary basis in relation to a tax dispute that dates back two years. Both Lagfin and … Continue reading → The post Campari Says No Effects To Business From Holding Company’s Tax Investigation appeared first on Shanken News Daily.

Campari drops after Italy seizes shares in tax-fraud probe

Davide Campari-Milano NV shares fell after Italian prosecutors ordered the seizure of around €1.3 billion ($1.5 billion) in shares from the holding company that controls the drinks maker.