BBVA to seek shareholders' approval to reduce capital by up to 10%

Spain’s BBVA on Monday said it would seek the approval from its shareholders to reduce the bank’s share capital up to 10% to carry out a previously announced share buy-back. “Once this item of the agenda is approved by the AGM (on April 20), the board will be able to proceed or not with the buy-back and subsequent share reduction, on one or more occasions,” BBVA said in a statement.
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