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MADRID - Banco Santander (BME:SAN) has finalized a capital reduction of €133.58 million through the cancellation of 267.17 million of its own shares, representing approximately 1.76% of the bank’s share capital, according to a statement released Tuesday.
The public deed for this capital reduction was registered with the Commercial Registry of Santander on June 6, 2025. Following this action, Santander’s share capital now stands at €7.44 billion, represented by 14.89 billion shares with a nominal value of €0.50 each.
The Spanish banking giant noted that all shares belong to the same class and carry equal rights.
This latest move is part of a broader share repurchase strategy that began in November 2021. Since then, Santander has completed eight buyback programs, resulting in an accumulated share capital reduction of €1.23 billion. The bank has repurchased approximately 2.46 billion shares during this period, equivalent to about 14.16% of its outstanding shares as of November 2021.
The capital reduction follows a previous announcement made by the bank to the Spanish National Securities Market Commission on June 3, 2025.
The information was disclosed in a regulatory filing to comply with securities market legislation requirements.
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