Infrastructure company to decide whether to leave Catalonia

Several companies are contemplating moves -- or have already decided to pack their bags

New York Weekend Edition /
Oct.October 08, 2017 01:30 PM

The Abertis Group, a toll-managing company whose U.S.-based subsidiary Emovis manages Rhode Island’s Newport Pell Bridge tolls, will discuss whether to move its offices in response to last week’s Catalonia’s independence referendum, according to Reuters.

The potential office move comes as Catalonia’s parliament mulls over declaring independence from Spain; Abertis’ board meets tomorrow to decide whether to move its office out of the disputed region, sources told Reuters.

If Abertis decides to move they will join the ranks of several other companies who are also contemplating — or have decided on — a move since the referendum.

Prior to the referendum, Barcelona, the capital of Catalonia, had been increasingly touted as a growing “bargain” market, with house prices in some neighborhoods increasing 18 percent last year due to increasing interest from foreign buyers, according to the New York Times.

[Reuters] — E.K. Hudson


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