Santander Completes Buyback, Enhances Shareholder Value
Company Announcements

Santander Completes Buyback, Enhances Shareholder Value

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%.

For further insights into ES:SAN stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks UK Auto-Generated NewsdeskSantander to Unveil Mid-Year 2024 Financials
TipRanks UK Auto-Generated NewsdeskBanco Santander Announces Major Capital Reduction
TipRanks UK Auto-Generated NewsdeskSantander Announces Updated Voting Rights Total
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!