Published by Global Banking & Finance Review®
Posted on June 24, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleEni and Novamont fined €32 million by Italy's antitrust authority for market abuse in bioplastics, with Novamont planning to contest the decision.
MILAN (Reuters) -Italy's antitrust authority said on Tuesday it had imposed fines exceeding 32 million euros ($37 million) on energy company Eni and its plastics unit Novamont for abusing 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 fruit 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.
Novamont "firmly disagrees" with the watchdog's decision, the bioplastics maker said in a statement, adding it would "assert its rights in judicial proceedings".
During the antitrust probe, the company "clearly demonstrated" that its commercial practices were "fair and aimed at safeguarding innovation, quality and value in the Italian market", it said.
($1 = 0.8607 euros)
(Reporting by Cristina Carlevaro. Editing by Gavin Jones and Mark Potter)
Italy's antitrust authority imposed fines exceeding 32 million euros on Eni and its plastics unit Novamont for market abuse.
Novamont employed practices aimed at excluding competitors in domestic markets for raw materials used to produce light and ultra-light bags.
Novamont firmly disagrees with the watchdog's decision and plans to assert its rights in judicial proceedings.
Eni was fined 1.7 million euros, while Novamont faced penalties totaling 30.4 million euros.
The market abuse by Novamont spanned from at least January 1, 2018, to December 31, 2023.
Explore more articles in the Finance category
