Ahold Delhaize Announces Further Share Buyback
Dutch retail group Ahold Delhaize has announced that it repurchased 1,016,701 of Ahold Delhaize common shares in the period from 4 September to 8 September.
The shares were repurchased at an average price of €15.16 per share for a total consideration of €15.4 million.
The repurchases were made as part of the €1 billion share buyback programme that was announced in December last year.
The total number of shares repurchased under the programme to date is 42,189,284, for a total consideration of €784 million.
Last month, the company announced that it is more than three quarters of the way through its scheme, which is expected to be completed by the end of the year.
© 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.