A top administrative court annulled a 93 million euros ($98 million) fine issued by Italy’s competition watchdog in 2018 against Ene and two of its units for alleged abuse of a dominant market position, Reuters Reported.
A lower administrative court had already cut the fine by two-thirds to 27 million euros in 2019.
The top administrative court “found that there was no abuse and therefore ordered the antitrust sanction to be annulled in its entirety”, an Enel statement said.
Related: Italian Watchdog Blocks ERG’s Sale Of Gas Plant To Enel
Enel, which has always said it had operated in full respect of market rules, expressed satisfaction with the court’s decision.
Featured News
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI