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Ahold Delhaize Nears Completion Of Share Buyback Programme

Published on Dec 5 2017 10:20 AM in Retail tagged: Ahold Delhaize / Dutch retail / Share Buyback

Ahold Delhaize Nears Completion Of Share Buyback Programme

Dutch retail group Ahold Delhaize has announced that it repurchased 421,574 Ahold Delhaize common shares in the period from 27 November to 1 December 2017.

These shares were repurchased at an average price of €17.08 per share, for a total consideration of €7.2 million.

Share Buyback

The repurchases were made as part of the €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 51,628,975, for a total consideration of €935 million.

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.

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