Campari, Lagfin Deny Tax Evasion Allegation Report
By Ian Walker
Davide Campari-Milano and its controlling shareholder Lagfin have denied reports that they are under investigation over alleged tax evasion.
The Italian distiller--which houses aperitif labels Aperol and Campari among its brands--said late Wednesday that neither it, nor any of its subsidiaries are under investigation by the authorities.
Separately Lagfin, which has a 51.36% shareholding in Campari, said that it has always fulfilled its tax obligations in all jurisdictions where it operates.
On Wednesday Reuters reported that Milan prosecutors had opened an investigation into Lagfin after tax police uncovered around 1 billion Euros ($1.07 billion) of unpaid taxes between 2018 and 2020, citing unnamed sources.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
June 27, 2024 01:31 ET (05:31 GMT)
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