Ahold Delhaize Announces Further Share Buyback
Ahold Delhaize is now €462 million into a planned €1 billion share buyback programme, after the company announced that it has made another share repurchase.
The group repurchased 1,725,270 of Ahold Delhaize common shares in the period from June 5, up to and including June 9, 2017.
These shares were repurchased at an average price of €19.35 per share for a total consideration of €33.4 million.
The company said, ‘The total number of shares repurchased under this program to date is 23,354,826 common shares for a total consideration of €462 million.’
The Netherlands-based company began its share buyback programme at the beginning of 2017. The aim was to maintain ‘a balanced approach between funding growth in key channels and [return] excess liquidity to shareholders’.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Aidan O’Sullivan. Click subscribe to sign up to ESM: The European Supermarket Magazine.