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
- Hundreds of thousands protest over politicians imprisonment
- Catalan independence response to Madrid inadequate
- Rajoy warns of risk to Catalan autonomy as deadline for clarification looms
- Rajoy threatens Catalan government with suspension and regional elections
- Puigdemont defers independence as he delivers key speech to Catalonian parliament
- Hundreds of thousands take to streets calling for Spanish unity
- Government apologies to those hurt in referendum violence, whilst relocation rules relaxed
- Constitutional court blocks Catalan parliament session
- Banco de Sabadell announces move to Alicante
- Independence to be called in a week, as markets wobble in Madrid
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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