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.

E sells 20% of Plenitude to Ares for 2B euros, valuing the unit at 10B euros and advancing its energy transition strategy.

Italian energy giant Eni has sold a minority stake in its Plenitude subsidiary to US-based investment company Ares for €2 billion ($2.32 billion).