CaixaBank Completes Share Buyback and Capital Reduction

CAIXABANK ( (ES:CABK) ) has provided an update.

CaixaBank has announced the completion of a share buyback program, resulting in a reduction of its share capital by 89,372,390 euros through the cancellation of treasury shares. This move, approved by the Board of Directors and the General Shareholders’ Meeting, does not affect shareholder contributions and is aimed at optimizing the company’s capital structure. The capital reduction will be formalized with updates to the company’s bylaws and registration in the Commercial Registry, alongside the delisting of the canceled shares from major Spanish stock exchanges.

More about CAIXABANK

CaixaBank, S.A. is a prominent financial institution operating in the banking sector, offering a wide range of financial services and products. The company focuses on providing banking solutions and financial management services to individuals and businesses, positioning itself as a key player in the European financial market.

YTD Price Performance: 35.93%

Average Trading Volume: 2,659,085

Technical Sentiment Signal: Sell

Current Market Cap: €49.47B

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