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
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 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