Ahold Delhaize Announces Share Buyback Update
Ahold Delhaize has issued its latest share buyback update.
The Netherlands-based retail group repurchased 1,564,286 of Ahold Delhaize common shares in the period from 31 July, 2017 up to and including 4 August, 2017.
The shares were repurchased at an average price of €17.45 per share for a total consideration of 27.3 million. The repurchases were made as part of a €1 billion share buyback programme, announced by the company on 7 December last year.
The total number of shares repurchased under this programme to date is 35,529,446 common shares for a total consideration of €675 million. The retailer expects to complete the programme by the end of 2017.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Larissa Zimmer. To subscribe to ESM: The European Supermarket Magazine, click here.