A PYMNTS Company

Italy: Court orders watchdog to recalculate Enel 93 million euro fine

By  |  October 8, 2019

An Italian administrative court has asked Italy’s competition watchdog to re-calculate a fine of €93 million (US$102 million) slapped on utility Enel for alleged abuse of a dominant market position, the court stated.

In a ruling seen by Reuterson Tuesday, October 8, the court stated the reasons for its decision would be announced in the next 30 days.

Certain Enel group units had asked for the fine, levied on operations in a part of Italy’s power market, to be reduced, a legal source said. 

Enel, Italy’s biggest utility, stated it did not know the reasons of the ruling and so would not comment but added it reserved the right to appeal.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.