It is the first IBEX 35 company to return after the exodus of the ‘processes’. Industry sources link the return to the support found between the authorities and the Catalan business community in light of BBVA’s takeover bid.
Banco Sabadell will return to Cataloniamore than seven years after it moved its headquarters to Alicante (Valencian Community) in the most turbulent process, in October 2017, and in the middle of BBVA’s takeover bid.
The entity expects the board of directors to make this decision soon, as confirmed by financial sources.
It’s about the first major company on the IBEX 35 announcing his return. In December 2024, cement company Molins also announced its return, and that move was already symbolic. However, the other major Catalan bank that left with the ‘processes’, Caixabank, has announced that it will not consider returning and will keep its headquarters in Valencia.
However, industry sources confirm that Banco Sabadell’s decision to move its headquarters back to Catalonia should be framed in the context of the takeover bid launched by BBVA, which has led to both Catalan governmentwith Salvador Illa at the helm, as well as the protagonist economic entities Catalans to position themselves in in return for.
Source: EITB
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