Ahold Delhaize Posts Share Buyback Update
Dutch retail group Ahold Delhaize has announced that it repurchased 999,843 of Ahold Delhaize common shares in the period from 28 August to 1 September 2017.
The shares were repurchases at an average price of €15.06 per share for a total consideration of €15.1 million.
The repurchases were made as part of the €1 billion share buyback programme that was announced on 7 December last year.
The total number of shares repurchased under the programme to date is 41,172,583, for a total consideration of €768 million.
Last week, the company announced that it is more than three quarters of the way through its scheme, which is expected to be complete by the end of the 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.