This content is not available in your region

Spain’s Caixabank and Gas Natural quit Catalonia

Access to the comments Comments
By Keith Walker
Spain’s Caixabank and Gas Natural quit Catalonia

<p>Spain’s third-biggest lender Caixabank has decided to move its registered office to Valencia. </p> <p>Caixabank said in a statement it had taken the decision “in light of the current political and social situation in Catalonia.”</p> <p>Also on Friday (October 6) Catalonia-based utility Gas Natural said it has decided to transfer its headquarters to Madrid. </p> <p>Gas Natural’s said the move will be for as long as the legal uncertainty in the region continued.</p> <p>The announcements comes a day after Spanish lender Banco Sabadell said it planned to move from Catalonia to Alicante.</p> <p>Spain’s government on Friday passed a law making it easier for companies to move around the country. </p> <p><blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">CaixaBank to move legal headquarters out of Catalonia after referendum <a href="https://t.co/s9T5VnWBva">https://t.co/s9T5VnWBva</a></p>— Financial Times (@FinancialTimes) <a href="https://twitter.com/FinancialTimes/status/916352673296809984?ref_src=twsrc%5Etfw">October 6, 2017</a></blockquote><br /> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p><blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Catalan banks weigh headquarter shifts after secession <a href="https://twitter.com/hashtag/CaixaBank?src=hash&ref_src=twsrc%5Etfw">#CaixaBank</a> <a href="https://twitter.com/hashtag/BancoSabadell?src=hash&ref_src=twsrc%5Etfw">#BancoSabadell</a><a href="https://t.co/5YvcxsrV1E">https://t.co/5YvcxsrV1E</a> <a href="https://t.co/w0WVxOdhUh">pic.twitter.com/w0WVxOdhUh</a></p>— DW – Business (@dw_business) <a href="https://twitter.com/dw_business/status/915981932546150402?ref_src=twsrc%5Etfw">October 5, 2017</a></blockquote><br /> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script></p>