Santander chairman buys 3.61 million euros of bank shares as price falls
Reuters
Published Oct 31, 2019 02:04PM ET
Santander chairman buys 3.61 million euros of bank shares as price falls
MADRID (Reuters) - The chairman of Spain's Banco Santander SA (MC:SAN), Ana Botin, has bought one million shares in the bank, according to a regulatory filing published Thursday, a day after the group reported a sharp drop in third-quarter earnings.
Shares in the Spanish lender have fallen by almost 10% since Wednesday, when the group posted a 75% drop in third-quarter net profit, largely the result of a 1.6 billion euro charge. The transaction brings Botin's stake in the bank up to 0.142% from 0.139%, according to the filing.
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Written By: Reuters
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