By  on March 23, 2011

MILAN Italy’s fiscal authorities announced Tuesday evening that they have initiated checks into the sale of Bulgari and Parmalat shares to LVMH Moët Hennessy Louis Vuitton and Lactalis, respectively.

“The financial administration will verify the respect of the provisions that regulate, within the determined conditions, the taxation in Italy of revenues derived from such operations,” the tax agency said in a statement.

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