Ahold Delhaize Posts Share Buyback Update
Netherlands-based retail group Ahold Delhaize has announced that it repurchased 2,033,752 Ahold Delhaize common shares in the period from 15 to 19 January 2018.
These shares were repurchased at an average price of €18.49 per share, for a total consideration of €37.6 million.
2018 Buyback Programme
These repurchases were made as part of the company's new €2 billion share buyback scheme, which was launched at the start of this month.
The total number of shares repurchased under this programme to date is 6,151,272, for a total consideration of €113.1 million.
Ahold Delhaize says that the purpose of the programme is to reduce 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 €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.