Banco Santander (ES:SAN) has released an update.
Banco Santander S.A. has completed its share buy-back program, reaching its maximum investment of EUR 1.459 billion and acquiring 331,305,000 shares, amounting to a 2.09% reduction in share capital. The bank plans to cancel these shares to increase shareholder value through improved earnings per share. These developments follow six successful buyback programs initiated since November 2021, cumulatively reducing the bank’s share capital by almost 11%.
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