Caixabank is Catalonia’s biggest company by market value and accounts for around 50 percent of the region’s banking sector. REUTERS/Susana Vera
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Spain's government will issue a decree Friday making it easier for firms to transfer their legal base out of Catalonia, two sources said, in a move that could deal a serious blow to the region's finances as it considers declaring independence.Another Catalonia-based bank, Sabadell, Spain's fifth-biggest lender, decided Thursday to move its base from Catalonia to Alicante, on Spain's eastern coast.Catalonia's planned unilateral declaration of independence has not had any impact on Spain's overall economic output, de Guindos said, reiterating that he expected growth of more than 3 percent this year.Catalonia is a center of industry and tourism that accounts for a fifth of Spain's economy, a production base for major multinationals from Volkswagen to Nestle, and home to Europe's fastest-growing sea port.The influential Catalan business lobby Cercle d'Economia said Wednesday it was extremely worried by the prospect of Catalonia declaring independence from Spain and called for leaders from both sides to start talks.
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