Garavoglia family fund Campari domicile shift with €330m exchangeable bond

By Aidan Gregory
26 Jun 2020

Lagfin, a vehicle that manages the investments of the billionaire Garavoglia family, has issued a €330m bond exchangeable into iconic Italian drinks maker Campari, as part of a move to shift the historic company’s domicile to the Netherlands.

This week, Lagfin, which is the majority shareholder in Campari, succeeded in its bid to move the company’s registered office. As part of the transaction, other shareholders in Capari who do not wish to continue to own the stock can exercise withdrawal rights.

Lagfin has said it ...

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