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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