Ahold Delhaize Posts Update On €2 Billion Share Buyback Scheme
Netherlands-based retail group Ahold Delhaize has announced that it repurchased 2,317,973 Ahold Delhaize common shares in the period from 8 to 12 January 2018.
These shares were repurchased at an average price of €18.27 per share, for a total consideration of €42.4 million.
2018 Buyback Programme
The repurchases were made as part of the company's new €2 billion share buyback scheme, which was launched earlier this month.
The total number of shares repurchased under this programme to date is 4,117,520 common shares, for a total consideration of €75.5 million.
Ahold Delhaize says that the purpose of the new programme is to reduce its capital by cancelling all or part of the common shares acquired by the group, and it expects it to be completed before the end of 2018.
At the end of December, the company successfully completed its previous €1 billion share buyback scheme.
© 2018 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.