Spain: Cementos Molins is moving its registered address from the town of Sant Vicenc dels Horts in Catalonia, to Madrid. Sources quoted by the Expansión newspaper say it is due to the legal uncertainty in Catalonia. The company will continue to operate its cement plant in Sant Vicenc dels Horts but the publicly traded company and the group's holding, through which it channels its foreign investments, will be moved.
The Catalan regional government approved an independence referendum held in early October 2017. The central Spanish government rules it illegal and has moved to impose direct rule on the region.
