Ahold Delhaize Posts Share Buyback Update
Dutch retail group Ahold Delhaize has announced that it repurchased 899,980 Ahold Delhaize common shares in the period from 11 to 15 December 2017.
These shares were repurchased at an average price of €18.58 per share, for a total consideration of €16.7 million.
The repurchases were made as part of the company's €1 billion share buyback programme announced in December 2016, which is expected to be completed by the end of this year.
The total number of shares repurchased under the programme to date is 53,360,043, for a total consideration of €967 million, bringing the group close to its end-of-year goal.
Last month, Ahold Delhaize posted a 2.1% increase in third-quarter sales to €15.1 billion, with strong performance in its US business.
© 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.