BuybackApr 30, 2026, 08:38 AM
BBVA Board Approves Third Tranche of Share Buyback up to EUR 1.46B
AI Summary
BANCO BILBAO VIZCAYA ARGENTARIA, S.A. (BBVA) announced that its Board of Directors approved a third tranche of its share buyback program. The program aims to reduce the company's share capital by acquiring up to 429,552,243 shares, with a maximum aggregate cash amount of EUR 1,460 million. The execution of this tranche will commence on May 6, 2026, and is scheduled to conclude between July 2, 2026, and August 3, 2026, managed by Citigroup Global Markets Europe AG.
Key Highlights
- BBVA Board approved a third tranche of its share buyback program.
- Maximum cash amount for the buyback is up to EUR 1,460 million.
- Maximum number of shares to be acquired is 429,552,243.
- Purpose is to reduce BBVA’s share capital by cancelling acquired shares.
- Execution starts on May 6, 2026, and ends between July 2, 2026, and August 3, 2026.
- Citigroup Global Markets Europe AG will manage the buyback independently.
- Purchases will be made on the Continuous Market, Cboe Europe, Turquoise Europe, and Aquis Exchange.
- Minimum of 500,000 shares to be purchased per Trading Day, subject to limits.