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The Council of CaixaBank decides to move the seat of Barcelona to Valencia

The entity's maximum body gives the green light to the change of address after a three-hour meeting

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The Council of CaixaBank decides to move the seat of Barcelona to Valencia

CaixaBank has agreed this afternoon to change its head office in Barcelona to Valencia. Surprise in decision, by chosen city, since Madrid was valued and had been given by selected Palma. CaixaBank has taken advantage of decree that this morning has been approved by Government in Council of Ministers to facilitate express change of headquarters only with Council decision, without need to convene shareholders ' meeting. CaixaBank has thus saved obstacle posed by its statutes, which did require shareholders to give ir approval to that transfer in junta, in a process that would have supposed about a month of waiting. The headquarters chosen to house social domicile of CaixaBank is that of old Bank of Valencia, in center of capital.

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The Council of entity shall reconvene soon, because decree approved by Government does not enter into force until it is published in Official Gazette of state. This publication should be produced tomorrow, as Luis de Guindos, minister of Economy, has advanced this morning.

"CaixaBank makes public that, being priority of any financial institution, protection of its clients, shareholders and employees, and with aim of safeguarding fully legal and regulatory security inherent in exercise of its activity, Council of Administration has unanimously decided before current political and social situation in Catalonia: to take necessary measures to move social address to Calle Pintor Sorolla, 2-4, in Valencia. For se purposes and in light of decision of Council of Ministers announced today, governing body will meet as soon as official State Gazette amends Capital Companies Act to definitively adopt Timely agreements, "has announced to National Securities Market Commission entity that chairs Jordi Gual.


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