Ahold Delhaize Posts Share Buyback Update
Dutch retail group Ahold Delhaize has announced that it repurchased 1,049,432 of Ahold Delhaize common shares in the period from 11 September to 15 September 2017.
The shares were repurchased at an average price of €15.15 per share for a total consideration of €15.9 million.
Share Buyback Scheme
These repurchases were made as part of the €1 billion share buyback programme that the company announced in December 2016.
The total number of shares repurchased under the programme to date is now 43,238,716, for a total consideration of €799 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 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.