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Unicaja Banco Announces Strategic Capital Reduction

Story Highlights
  • Unicaja Banco operates in the banking industry, offering financial services in Spain.
  • The bank reduced its capital by 3.14% through a buyback program, maintaining stability.
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Unicaja Banco Announces Strategic Capital Reduction

Confident Investing Starts Here:

An announcement from Unicaja Banco SA ( (ES:UNI) ) is now available.

Unicaja Banco announced a capital reduction of 20,849,752.75 euros by amortizing 83,399,011 own shares, representing 3.14% of its share capital. This move, part of a buyback program, is neutral in terms of equity and solvency levels, indicating a strategic financial adjustment without impacting the bank’s stability.

More about Unicaja Banco SA

Unicaja Banco, S.A. is a financial institution based in Malaga, Spain. It operates in the banking industry, providing a range of financial services and products. The bank is focused on serving both individual and corporate clients, with a significant presence in the Spanish market.

YTD Price Performance: 28.68%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $4.36B

Learn more about UNI stock on TipRanks’ Stock Analysis page.

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