Ahold Delhaize Issues Share Buyback Update
Dutch retail group Ahold Delhaize has announced that it repurchased 1,512,077 Ahold Delhaize common shares in the period from 23 to 27 October 2017.
These shares were repurchased at an average price of €16.06 per share, for a total consideration of €24.3 million.
These repurchases were made as part of the company's €1 billion share buyback scheme, which is expected to be complete by the end of this year.
The total number of shares repurchased under the programme to date is 48,528,944, for a total consideration of €883 million.
Last week 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.