The Milan prosecutor’s office is currently investigating an alleged failure to declare around one billion euros, out of a taxable amount of 5 billion, by the Luxembourg holding company Lagfin. This company controls the majority of the Campari group. The investigation is being carried out by the economic-financial police unit of the GdF in Milan, with two legal representatives of Lagfin being the focus of the investigation.
In response to reports in the press regarding potential non-compliances, Lagfin has stated that they are completely serene and believe that any dispute is only potential. They mention that no notice of assessment has been issued, and this is due to the absence of factual and legal conditions for its issuance. Lagfin asserts that they have always fulfilled their tax obligations meticulously in all jurisdictions where they operate, and believe any objections are unfounded.
The Campari group has clarified that neither Davide Campari-Milano NV nor any of its subsidiaries are under investigation by authorities. Consequently, they do not expect any impact on Davide Campari-Milano NV or any of its companies. The group emphasizes that they trust their reasons will be recognized in all relevant avenues in due course.