Ahold Delhaize Announces Further Share Buyback
Ahold Delhaize has announced that it has repurchased 1,959,066 of Ahold Delhaize common shares in the period from June 12, 2017 up to and including June 14, 2017.
The shares were repurchased at an average price of €19.23 per share for a total consideration of €37.7 million.
The total number of shares repurchased under this program to date is 25,313,892 common shares for a total consideration of €500 million.
This marks the halfway point of its intended €1 billion share buyback programme, which the Netherlands-based company began at the beginning of 2017.
The aim of the share buyback is to maintain ‘a balanced approach between funding growth in key channels and [return] excess liquidity to shareholders’.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O’Sullivan. Click subscribe to sign up to ESM: The European Supermarket Magazine.