By Cristina Roca

Repsol SA (REP.MC) said late Thursday that it has reduced its capital by 71.4 million euros ($79.6 million) by cancelling shares.

The purpose of the capital reduction was to contribute to shareholders' remuneration by increasing profit per share, the Spanish energy company said.

Following the reduction, the company's share capital has been set at EUR1.53 billion, Repsol said.

Write to Cristina Roca at cristina.roca@dowjones.com; @_cristinaroca

(END) Dow Jones Newswires

November 08, 2019 02:03 ET (07:03 GMT)

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