Campari Drops After Italy Seizes Shares in Tax-Fraud Probe

The Davide Campari-Milano headquarters in Milan.Photographer: Francesca Volpi/Bloomberg

Davide Campari-Milano NV shares fell after Italian prosecutors on Friday ordered the seizure of around €1.3 billion ($1.5 billion) in shares from the holding company that controls the drinks maker.

Shares of Campari fell as much as 6% in early trading in Milan on Monday, the most on an intraday basis since April.