Lead Campari shareholder settles tax dispute

Lagfin, the Luxembourg-based holding company that controls the majority of Campari’s voting rights, has agreed to pay €405m ($474.5m) to settle a tax dispute in Italy. The company said yesterday (16 December) it had opted for a settlement “to protect the interests of all Campari shareholders”. Lagfin, which controls 80% of Campari’s voting rights, had had €1.3bn ($1.49bn) worth of shares seized by the Italian authorities, which had accusing the investor of tax evasion. On 1 November, Italy’s financial ...