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International Business Times
International Business Times
Business

Catalonia Eyes Reversal Of Business Exodus After Big Bank Returns

Up to 7,000 companies moved their headquarters out of Catalonia after the 2017 independence crisis (Credit: AFP)

Spanish business circles believe banking giant Sabadell's decision to return its headquarters to Catalonia will entice back the thousands of firms that fled after the region's botched 2017 independence bid.

The European country's fourth-biggest bank announced on Wednesday it would return to the wealthy northeastern region because "the circumstances that motivated its move over seven years ago no longer exist".

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