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BBVA Cancels 75 Million Treasury Shares in Partial Capital Reduction
BBVA has executed a partial share capital reduction by cancelling 74,963,302 treasury shares, acquired under its buyback program. This move reduces the bank’s share capital to approximately EUR 2.76 billion, without returning cash to shareholders, thereby concentrating ownership and signalling capital optimization. The operation complies with Spanish law, with no creditor opposition rights, as the reduction is charged to unrestricted reserves.