Banco Santander has reduced its shareholding in Abengoa, which has gone from 4.975% to 3.449%, although it remains the largest shareholder above the Secretary of State for Trade, which has 3.152%, according to the Commission's records National Stock Market (CNMV).
Santander reached a 9.694% stake in Abengoa following the restructuring of the company's debt, which was completed in March 2017, when the new shares from the capital increase and the warrants (purchase rights for securities) began to be quoted. ) issued to compensate the creditors, mostly banks.
The bank later reduced its stake to 2,414%, but the purchase by Santander del Popular, which never sold any of its stake in Abengoa, as did Sabadell, Bankia and Crédit Agricole, led it to be the first shareholder of the bank, with up to 6.898% in June 2017.
Subsequently, in November 2017, it already reduced its participation to 4.975%, which is now reduced to 3.449% of Abengoa's capital, in which it participates indirectly through Banco Popular, with 3.928%, and Banco Santander Brasil, with 0.077%.
As the second shareholder of Abengoa, the Secretary of State for Trade, which reported a 3.152% stake in Abengoa, was created last March.
The agency under the Ministry of Economy has, through two funds, 5.687 million shares of Abengoa.