Elkanns Agree to Pay €175 Million in Italy Tax Case (1)

The Agnelli family’s John Elkann and his siblings, Lapo and Ginevra, agreed to pay about €175 million ($204 million) to Italy’s revenue authority as they seek to settle a probe over alleged tax evasion, according to people familiar with the matter.

A spokesperson for the siblings confirmed Sunday that they’ve come to an agreement with Italy’s Revenue Agency, as reported in the local press. The representative didn’t confirm the total amount paid. The figure was disclosed by people who spoke on condition of anonymity, because they’re not authorized to speak publicly.

The deal was reached “with the aim of swiftly ...