Ahead of its full year results tomorrow, Ahold Delhaize has announced a further share buyback, with the group repurchasing 1,801,866 of Ahold Delhaize common shares in the period from February 20, 2017 up to and including February 24, 2017.
The shares were ‘repurchased at an average price of €20.32 per share for a total consideration of € 36.6 million’, the retailer said in a statement.
The repurchases were made as part of Ahold Delhaize’s planned €1 billion share buyback programme, announced last December. The group has now purchased a total of 9,353,469 common shares, valued collectively at €187.3 million.
Ahold Delhaize will publish its annual report for 2016 tomorrow morning followed by an analyst briefing from its headquarters in Zaandam.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up to ESM: The European Supermarket Magazine.
