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Banco de Sabadell ( (ES:SAB) ) has shared an update.
Banco de Sabadell has announced a capital reduction following the temporary suspension of its share buyback program, authorized by the European Central Bank. This reduction, amounting to 6,566,420.625 euros, involves canceling over 52 million shares, representing approximately 0.97% of its share capital, and does not affect shareholder contributions as the bank owns the canceled shares.
More about Banco de Sabadell
Banco de Sabadell is a financial institution operating in the banking industry, primarily focused on providing a range of banking and financial services. The company is involved in activities such as capital management and credit institution operations, with a significant presence in the Spanish financial market.
YTD Price Performance: 20.21%
Average Trading Volume: 1,752,440
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €12.19B
See more data about SAB stock on TipRanks’ Stock Analysis page.
