A process for preparing a catalyst which process comprises the steps of:

    • (a) introducing a Group 8 metal compound onto a carrier,
    • (b) converting a first portion of the Group 8 metal compound on the carrier into metallic species in a liquid phase reaction, and
    • (c) subsequently converting a further portion of the Group 8 metal compound on the carrier into metallic species in a gas phase reaction; a catalyst which is obtainable by this process; and a process for preparing an alkenyl carboxylate comprising reacting a mixture comprising an olefin, a carboxylic acid and oxygen in the presence of the catalyst.
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    > Method for the hydroformylation of olefins comprising 2 to 8 carbon atoms

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