Italy's antitrust authority on
Wednesday fined oil group Eni five million euros for allegedly
misleading advertising on the environmental benefits of its
diesel fuel Eni Diesel+.
"(Eni) attributed to the product as a whole environmental
claims that proved to be unfounded," the authority said.
The ads were used in a promotional campaign.
Eni said it had learned of the antitrust's decision "with
great surprise" and might appeal to the regional administrative
court (TAR) of Lazio, the region around Rome.
Eni S.p.A. is an Italian multinational oil and gas company
headquartered in Rome.
Considered one of the seven "Supermajor" oil companies in the
world, it has operations in 79 countries, and is currently the
world's 11th largest industrial company with a market
capitalization of 68 billion euros (US$ 90 billion), as of
August 14, 2013.
The Italian government owns a 30.303% golden share in the
company, 3.934% held through the state Treasury and 26.369% held
through the Cassa Depositi e Prestiti.
Another 2.012% of the shares are held by the People's Bank of
China.
The company is a component of the Euro Stoxx 50 stock market
index.
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