Ahold Delhaize Announces Share Buyback
Netherlands-based retailer Ahold Delhaize has announced that it repurchased 654,522 of Ahold Delhaize common shares in the period from June 22, 2017 up to and including June 23, 2017.
The latest share repurchase means that the total number of shares repurchased under the program to date is 25,968,414 common shares for a total consideration of €511 million.
The repurchase was made as part of the €1 billion share buyback programme announced in December 2016.
The shares were repurchased at an average price of €16.68 per share for a total consideration of €10.9 million, the retailer said.
The retailer passed the mid-way point of its share buyback programme last week.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.