Santander Cuts Share Capital by About 1.03% After Completing Share Buyback
Banco Santander has finished its buyback programme after spending €1.83 billion and repurchasing 150.6 million shares. Share capital falls by €75.3 million.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Banco Santander said on Wednesday that it had reached the maximum investment level for its share buyback programme, €1.83 billion, according to Reuters. Over the course of the programme the bank bought back 150.6 million shares, equal to 1.03% of its share capital.
The buyback programme is now terminated. The bank is carrying out a capital reduction of €75.3 million by cancelling the 150.6 million shares it acquired, which lowers its share capital by 1.03%.
why it matters
For the market this is a technical event: once the repurchased shares are cancelled, the number of shares in circulation drops. Steps like this rarely change the sector picture, but they show the bank returning capital to shareholders.
tags
instruments
sources
- Santander Reduces Share Capital By About 1.03% After Completion Of BuyBack — Reuters, 29 October 2026 at 04:56 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗