Banco Santander (ES:SAN) has released an update.
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Banco Santander has successfully completed a buy-back program, reducing its share capital by 2.21% through the acquisition and cancellation of 341,781,250 shares, amounting to a significant EUR 1,525 million investment. This strategic move aims to enhance shareholder value by increasing earnings per share. The cumulative effect of several buy-back programs since 2021 has led to a total reduction of 12.62% in the bank’s outstanding shares.
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