Ahold Delhaize Announces Further Share Buyback
Ahold Delhaize has issued its latest share buyback update. The Netherlands-based retail group has repurchased 1,577,079 of Ahold Delhaize common shares in the period from 17 July, 2017 up to and including 21 July, 2017.
The shares were repurchased at an average price of €17.31 per share and for a total consideration of €27.3 million.
Share Buyback Programme
The repurchases were made as part of a €1 billion share buyback programme announced by the retailer on 7 December last year
The total number of shares repurchased under this programme to date is 32.386.987 common shares, for a total consideration of €620 million.
As of last month, the company is already more than half way through its proposed programme, which it expects to complete by the end of 2017.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Larissa Zimmer. To subscribe to ESM: The European Supermarket Magazine, click here.