The president of the Generalitat of Catalonia, Salvador Illa, has assured that the announcement is “good news”. For his part, the president of the Generalitat Valenciana, Carlos Mazón, has stated that the operation “falls within the context of a situation of weakness and a takeover situation.”
The Board of Directors of Banco Sabadell met on Wednesday afternoon return of headquarters to Cataloniaspecifically at Plaza de Sant Roc number 20 in Sabadell (Barcelona), reports in a statement to the National Securities Market Commission (CNMV).
In this way, the entity returns to Catalonia after moving its registered office to Alicante October 5, 2017in the middle of the Catalan ‘processes’. This movement takes place in a context characterized by the Public takeover bid (OPA) that BBVA wants to launch on Banco Sabadell.
The bank explained this in a statement “the circumstances that motivated his transfer to Alicante no longer exist” and has emphasized that the change will not affect the entity’s clients or professionals, who will maintain their current locations.
“From the shareholders’ side, the only significant fact will be the transfer of the celebration of the Shareholders meetingwhat will happen this year in the town of Sabadell” he added.
On a political levelthe change of headquarters coincides with the presidency of the Generalitat of the socialist Salvador Illa, which he joined last summer of 2024, and in the context of the Spanish government’s negotiations with the Catalan independents.
The Minister of Economy, Trade and Affairs, Carlos Bodybelieves that the return “makes a lot of sense” because of the “normalization” process that has occurred in Catalonia after the ‘trials’. Both the Body and the Minister for Digital Transformation and Public Service, Oscar Lopezhave shown the government’s “maximum respect” for the decision.
For his part, the President of the Generalitat, Salvador Illahas assured that the announcement is “good news” and expressed its joy. “If you allow us to do this, I say this with all modesty and respect. It confirms that we are on the right track,” Illa added.
The Consell de la Generalitat Valenciana has pointed out that “it can only respect the decision of the company in the exercise of its freedom to establish its headquarters wherever it wishes.” The President of the Generalitat Valenciana, Carlos Mazonhas stated that the operation “falls within the context of a situation of weakness and a takeover situation.”
Banco Sabadell is the first company listed on the Ibex35 to move its headquarters in 2017 to make the decision to return it to Catalonia. Asked by Europa Press this Wednesday, major companies that also left Catalonia in 2017, such as CaixaBank, Criteria, Cellnex, Naturgy or Planeta They declined to comment on a possible return.
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
