Banco Santander (ES:SAN) has released an update.
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Banco Santander has announced a significant capital reduction, amounting to EUR 165,652,500, by canceling 331,305,000 of its own shares. This adjustment has reset the bank’s share capital to EUR 7,747,136,786, spread across 15,494,273,572 shares, each with a nominal value of EUR 0.50. The move, aimed at streamlining the bank’s capital structure, promises to be of interest to current and potential investors.
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