Spain’s Sabadell Mulls Move Out of Catalonia Amid Tensions - News Summed Up

Spain’s Sabadell Mulls Move Out of Catalonia Amid Tensions


BARCELONA—The board of Spain’s Banco de Sabadell SA is meeting Thursday to approve moving its headquarters out of Catalonia, following a decline in the lender’s stock price as the region pushes for independence. The move shows how companies based in Catalonia are taking steps to address investor concerns about the impact of a potential declaration of independence from the rest of Spain. Shares in Sabadell traded nearly 6% higher in early afternoon trading.


Source: Wall Street Journal October 05, 2017 11:03 UTC



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