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Spain issues decree facilitating companies' HQ relocation from Catalonia

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Spain issues decree facilitating companies' HQ relocation from Catalonia

Spain issued a decree making it easier for companies to relocate their headquarters from Catalonia, according to multiple media reports.

The chairman of Freixenet SA, a cava producer located in Barcelona, told a radio program that he will propose to the company's board to shift headquarters to Alicante, Europa Press reported.

Banco de Sabadell SA has decided to transfer its registered base to Alicante from Barcelona, and CaixaBank SA plans to finalize the change in its corporate address on Oct. 6, El Mundo noted Oct. 5.

Gas Natural and Abertis, both under majority shareholding of the La Caixa group, are also considering a move out of Catalonia, The Spain Report noted, citing El Mundo.

Catalan leader Carles Puigdemont now wants to address the regional parliament Oct. 10, after Spain's Constitutional Court suspended the Catalan parliament session scheduled for Oct. 9, though it remains scheduled, BBC News reported.

The Spanish ruling party is reportedly mulling over the idea of dissolving the Catalan government.