Ahold Delhaize Announces Further Share Buyback
Retailer Ahold Delhaize has announced its latest share buyback, which is part of the €1 billion share buyback program announced in December of last year.
The group repurchased 668,348 of Ahold Delhaize common shares in the period from May 2, 2017 up to and including May 5, 2017.
These shares were repurchased at an average price of €18.97 per share for a total consideration of €12.7 million.
The purchase means that the ‘total number of shares repurchased under this program to date is 18,353,147 common shares for a total consideration of €364.1 million’, the retailer said in a statement.
In March, the group posted a pro forma net sales increase of 2.4% for full year 2016, with sales standing at €62.3 billion for the year.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Stephen Wynne-Jones. Click subscribe to sign up for ESM: The European Supermarket Magazine.