Ahold Delhaize Issues Share Buyback Update
Dutch retail group Ahold Delhaize has announced that it repurchased 975,000 Ahold Delhaize common shares in the period from 18 to 22 September 2017.
The shares were repurchased at an average price of €15.36 per share for a total consideration of €15 million.
These repurchases were made as part of the company's €1 billion share buyback programme that was announced in December 2016.
The total number of shares repurchased under the programme to date is now 44,213,716, for a total consideration of €814 million.
Last month, the company announced that it is over three quarters of the way through this scheme, which is expected to be completed by the end of this 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.