Banco Santander (SAN) Company Report

As of December 3, 2025, Banco Santander, S.A. has purchased shares totaling 1,437,943,994 Euros under its buyback program, representing approximately 84.6% of the maximum investment amount.
These purchases have resulted in the repurchase of approximately 15.1% of the company's outstanding shares as of 2021.
Between November 27 and December 3, 2025, the company repurchased a total of 9,600,000 shares.

21 hours ago

6-K

Banco Santander Completes Accelerated Placement of Santander Bank Polska Shares

SAN

M&A

New Projects/Investments

Banco Santander, S.A. completed an accelerated placement of 3,576,626 ordinary shares of its subsidiary, Santander Bank Polska S.A., representing approximately 3.5% of its existing share capital, at a price of PLN 482.0 per share.
Following this placement and a previously announced sale of approximately 49% of Santander Bank Polska to Erste Group Bank AG, Banco Santander will hold approximately 9.7% of shares in Santander Bank Polska.
The remaining shares held by Banco Santander are subject to a 90-day post-closing lock-up period, with settlement for the placement expected on December 4, 2025.
This placement is aligned with Banco Santander's strategic focus on proactive capital optimization to create shareholder value, while maintaining commitment to the Polish market through Santander Consumer and a planned strategic collaboration with Erste.

3 days ago

6-K

Banco Santander Completes Stake Sale in Polish Subsidiary

SAN

M&A

Banco Santander completed an accelerated sale of approximately 3.5% of its Polish subsidiary, Santander Bank Polska, raising around $473 million.
The shares were sold at about 482 Polish zlotys each, representing a 5% to 6% discount compared to the previous closing price of 511.6 zlotys per share.
Following this placement and a planned sale of roughly 49% to Austria's Erste Group, Banco Santander will retain a 9.7% stake in Santander Bank Polska.
This strategic move is part of Santander's broader capital optimization and portfolio management efforts.

4 days ago

WSJ

Gunvor CEO Törnqvist Sells Majority Stake to Employees

SAN

CEO Change

Management Change

Legal Proceedings

Torbjörn Törnqvist, the CEO and majority owner of Gunvor, is stepping down and selling his entire stake to approximately 60 employees through a management-led buyout.
This transition follows U.S. allegations linking Gunvor to the Kremlin and the U.S. Treasury Department's designation of the company as the "Kremlin's puppet".
Gary Pedersen, a U.S. citizen, has been appointed as the new CEO.
Gunvor, which reported revenues of $136 billion in 2024, aims to reset its image and operations, distancing itself from past Russian associations.

4 days ago

Bloomberg

Banco Santander reports progress on share buyback program

SAN

Share Buyback

Banco Santander, S.A. reported on its share buyback program, detailing transactions carried out between November 20 and November 26, 2025.
As of November 26, 2025, the company had purchased shares with a cash amount of 1,348,478,984 Euros, which represents approximately 79.3% of the maximum investment for the Buyback Programme.
These purchases have resulted in the repurchase of approximately 15.1% of its outstanding shares as of 2021.
A total of 10,400,000 shares were repurchased during the period from November 20 to November 26, 2025.

7 days ago

6-K

Banco Santander reports share buyback program progress

SAN

Share Buyback

Banco Santander, S.A. provided an update on its Buyback Programme, detailing transactions carried out between November 13 and 19, 2025.
As of November 19, 2025, the total cash amount spent on the buyback program reached 1,255,460,584 Euros, which represents approximately 73.9% of the maximum investment amount.
Through this program, the Bank has repurchased approximately 15% of its outstanding shares as of 2021.

Nov 20, 2025, 11:15 AM

6-K

Santander Faces $300M Exposure as First Brands Founder Defaults Loan

SAN

Legal Proceedings

Management Change

New Projects/Investments

Santander Bank's financial exposure to First Brands Group and its founder, Patrick James, has increased to approximately $300 million due to James defaulting on a loan used to acquire the French car parts company, Novares.
First Brands Group filed for Chapter 11 bankruptcy protection in the U.S. amidst investigations into questionable financial practices, including the alleged repeated sale of receivables and internal retention of payments meant for factoring partners.
A First Brands creditor, Raistone, claimed that $2.3 billion in opaque financing vehicles, such as trade receivable financing and reverse factoring, had been lost track of by various stakeholders.
Santander's investment arm, Deva Capital, is taking control of Novares Group SAS, further involving the bank in the situation.

Nov 19, 2025, 5:32 PM

Bloomberg

Banco Santander Announces Early Redemption of CoCos

SAN

Banco Santander, S.A. has announced its irrevocable decision to carry out the optional early redemption of all outstanding 4.375% Non-Step-Up Non-Cumulative Contingent Convertible Perpetual Preferred Tier 1 Securities (CoCos).
The total outstanding nominal value of these CoCos is EUR 1,033,400,000.
The early redemption is scheduled for January 14, 2026, which is the first optional early redemption window on the sixth anniversary date of the issuance.
This redemption has been authorised by the European Central Bank.

Nov 17, 2025, 11:02 AM

6-K

Banco Santander Reports Progress on Share Buyback Programme

SAN

Share Buyback

Banco Santander, S.A. reported that its share buyback program had reached a cash amount of 1,146,169,104 Euros in shares purchased as of November 12, 2025, representing approximately 67.4% of the maximum investment amount.
Through this Buyback Programme, the company has repurchased approximately 15% of its outstanding shares as of 2021.
Between November 6 and November 12, 2025, a total of 9,900,000 shares were purchased as part of the program.

Nov 13, 2025, 11:13 AM

6-K

Banco Santander Issues $2.8 Billion in Senior Non Preferred Notes

SAN

Debt Issuance

Banco Santander, S.A. issued $2,800,000,000 in aggregate principal amount of Senior Non Preferred Notes on November 6, 2025, following a pricing date of October 30, 2025.
This issuance comprises $1,250,000,000 of 4.551% Fixed Rate Notes due 2030, $300,000,000 of Floating Rate Notes due 2030 (at Compounded SOFR plus 112 basis points), and $1,250,000,000 of 5.127% Fixed Rate Notes due 2035.
All notes were issued at 100.000% of their principal amount.
A significant term for all notes is their subjection to the Bail-in Power by the Relevant Resolution Authority in the Kingdom of Spain, which allows for potential reduction, cancellation, or conversion of obligations.

Nov 6, 2025, 3:40 PM

6-K

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