Catalonia Crisis Takes Its Toll as Companies Bolt for the Exit
- Sabadell, Oryzon among companies leaving region amid turmoil
- Crunch to come Tuesday when Catalan parliament set to meet
A pedestrian enters the headquarters of Banco de Sabadell SA in Barcelona, Spain, on Friday, Oct. 6, 2017. Catalan lenders such as CaixaBank SA and Banco Sabadell SA -- which have spent years seeking to reduce political risk through expansion -- have once again been pulled into the regions volatile politics following Catalonias threat of unilateral independence.
Photographer: Angel Garcia/BloombergSpanish drugmaker Oryzon Genomics SA was the first listed company to announce that it’s moving out of Catalonia. Others soon followed.
At least three of the seven Catalonia-based companies in Spain’s Ibex-35 index have announced that they are moving their registered offices out of the rebellious region. As the secessionists threaten a formal declaration of independence, here’s a list of companies that have announced exits or are looking at one.