The board of Spain’s Banco de Sabadell has approved moving its headquarters out of Catalonia to Alicante, the bank confirmed in a regulatory filing yesterday as a result of the disputed referendum.
The bank had seen a decline in it’s stock price as the region pushes for independence.
In Depth: Catalonian Independence Referendum 2017
- Guardia Civil report suggests Mossos d’Esquadra assisted Puigdemont flee bid
- Catalan independence parties resume talks to form new government
- Concerns Catalan negotiations grinding to a halt
- Vice President calls for new nominations for Catalan President
- Puigdemont investiture vote postponed, as regional government plans appeal
- Legal wrangles continue right up to Catalan investiture vote
- Puigdemont must be in chamber to be sworn in announces Constitutional Court
- State Council finds no current grounds to challenge Puigdemont inauguration
- Puigdemont could return to Spain to attend leadership vote
- Judge refuses to reissue Puigdemont arrest warrant
In the announcement, the banking giant went on to say though that its central services will continue to be located in Barcelona.
Caixabank will decide today if it is to move it’s headquarters outside Catalonia.
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