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Spain competition watchdog probes Unesa

Fri Nov 6, 2009 10:43am EST

MADRID, Nov 6 (Reuters) - Spain's competition regulator said on Friday it was launching a probe into possible anti-trust practices in the country's electricity sector and had already searched the headquarters of the sector association Unesa.

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Unesa groups Spain's five leading electricity distributors.

"The CNC has inspected the Unesa headquarters ... for suspected anti-competitive practices in the design and coordination of strategies ... particularly with regard to fresh competition in electricity markets," it said in a statement.

If any wrongdoing is found, companies could face a fine of up to 10 percent of their total business volume during the earnings quarter prior to the fine. (Reporting by Carlos Ruano; Writing by Tracy Rucinski, editing by Will Waterman)

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