Ahold Delhaize Continues Share Buyback Programme
Dutch retail group Ahold Delhaize has announced that it repurchased 901,079 Ahold Delhaize common shares in the period from 30 October to 3 November 2017.
These shares were repurchased at an average price of €16.10 per share, for a total consideration of €14.5 million.
These repurchases were made as part of the €1 billion Ahold Delhaize share buyback scheme announced in December 2016, which is expected to be complete by the end of this year.
The total number of shares repurchased under the programme to date is 49,430,023, for a total consideration of €897 million.
Last month it was announced that Hanneke Faber, the group's chief e-commerce and innovation officer, has decided to leave the company at the end of December.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.