Catalan's Push for Independence Sparked a Company Exodus
- CaixaBank SA is the most high-profile, but it isn’t alone
- Madrid has suspended the regional government and taken control
Ousted Catalan Leader Puigdemont Freed in Brussels
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A month after ousted leader Carles Puigdemont first flirted with declaring a Catalan Republic, close to 2,400 companies have left the region because of uncertainty.
The exodus of Catalan-based companies began after the wealthy region held an illegal independence referendum on Oct. 1 that was marred by police violence. That week 219 companies shifted their legal base to eliminate doubts about their future legal framework and lock down their position within Spain and the European Union.