January 31, 2018 / 12:18 PM / 18 days ago

BRIEF-Banco Santander to cut scrip dividend payment to boost cash payment

Jan 31 (Reuters) - Chairman of Spain’s Banco Santander :

* SAYS PLANS TO GRADUALLY REDUCE AMOUNT PAID IN SCRIP DIVIDEND TO INCREASE CASH DIVIDEND PROPORTION

* SAYS IS NOT PLANNING ANY ACQUISITIONS IN EUROPE, BUT IS PLANNING ON ROLLING OUT DIGITAL INITIATIVES

* SAYS PLANS ON MAINTAINING BUSINESS UNITS IT INHERITED FROM POPULAR Source text for Eikon: Further company coverage: (Reporting by Madrid Newsroom)

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