Italy regulator fines Eni and its plastics unit 32 mln euros for market abuse
MILAN, June 24 (Reuters) - Italy's antitrust authority said on Tuesday it had imposed fines exceeding 32 million euros ($37.18 million) on energy company Eni (ENI.MI), opens new tab and its plastics unit Novamont for abuse of a dominant market position in the production of plastic bags.
Novamont, which makes bioplastics, employed practices aimed at excluding competitors in domestic markets for raw materials used to produce light and ultra-light bags for fruits and vegetables, the regulator said in a statement.
It fined Eni 1.7 million euros, while Novamont faced penalties totalling 30.4 million euros for market abuse spanning from at least January 1, 2018 to December 31, 2023.
Eni will issue a statement in response to the antitrust ruling, a spokesperson said.
($1 = 0.8607 euros)
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