Campari slips as prosecutors probe holding company -sources
** Shares in Campari CPRI.MI fall as much as 3% after sources said Milan prosecutors have opened an investigation into the holding company that controls the Italian drinks group
** The probe into Luxemburg-based Lagfin was launched after checks by tax police uncovered around 1 billion euros ($1.07 billion) of unpaid taxes from 2018-2020, sources with direct knowledge of the matter told Reuters on Wednesday
** The probe can cause reputational problems for Campari, a Milan-based trader says
** Intesa Sanpaolo analysts say that even if Lagfin is found guilty, there would be no repercussion on Campari as it is not involved in the investigation
** However, Intesa expects the stock to be volatile until the real impact of the investigation becomes clear
** Lagfin said it has always fulfilled its tax obligations and "considers any potential objection to be devoid of any basis"; Campari said it is not under investigation and did not expect any impact as a result
($1 = 0.9348 euros)
Reporting by Philippe Leroy Beaulieu, Giancarlo Navach
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