Ahold Delhaize has announced that it has bought back an additional 1,259,738 shares between 16 to 20 January.
The average price per share was €19.81, for a total consideration of €25.0 million. The unit price is similar to previous repurchased shares.
In December, Ahold Delhaize announced a €1 billion share buyback programme, during its Capital Markets Day.
The move was part of a strategy to shrink the capital of Ahold Delhaize.
It will allow the retailer to maintain ‘a balanced approach between funding growth in key channels and [return] excess liquidity to shareholders’, according to a statement issued earlier this month.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Karen Henderson. Click subscribe to sign-up for ESM: The European Supermarket Magazine
