Ahold Delhaize Issues Share Buyback Update
Dutch retail group Ahold Delhaize has announced that it repurchased 809,415 Ahold Delhaize common shares in the period from 2 to 6 October 2017.
The shares were repurchased at an average price of €15.94 per share for a total consideration of €12.9 million.
These repurchases were made as part of the company's €1 billion share buyback scheme that was announced in December 2016.
The total number of shares repurchased under the programme to date is 45,908,173, for a total consideration of €841 million.
The company is now over three quarters of the way through this programme, which is expected to be completed by the end of this year.
Last week, Ahold Delhaize announced that it has reached an agreement with Colruyt to divest the Albert Heijn Groenplaats store in Antwerp, Belgium.
This represents the final sale in the company's mandatory store divestment programme, which was established to satisfy conditions set by the Belgian Competition Authority, following the merger of Ahold and Delhaize.
© 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.