Lagfin, the Luxembourg holding company, is under investigation by the Milan prosecutor’s office for failing to declare approximately one billion euros on a taxable amount of 5 billion. The majority of the Campari group is controlled by Lagfin, and the investigations are being carried out by the economic-financial police unit of the GdF in Milan. Two legal representatives are currently under investigation in relation to this matter.
In response to allegations of non-compliance with tax laws, Lagfin has stated that it is confident and serene about any potential dispute. They argue that no notice of assessment has been issued due to a lack of factual and legal conditions necessary for such a notice. Lagfin asserts that it always fulfills its tax obligations meticulously in all jurisdictions where it operates, and believes any objections raised against them are unfounded. They hope their reasons will be acknowledged soon in all competent venues.
The Campari Group has clarified in a statement that neither Davide Campari-Milano NV nor any of its subsidiaries are currently under investigation by authorities. Therefore, they expect no impact on their operations as a result of this investigation into Lagfin.