Ahold Delhaize announced that it has made a further share buyback, valued at €32.7 million, as part of its aim to buy back €1 billion worth of shares this year.
In a statement, the retailer said that it has repurchased ‘1,605,096 of Ahold Delhaize common shares in the period from February 13, 2017 up to and including February 17, 2017’.
The shares were repurchased at an average price of €20.36 per share. The total number of shares repurchased under this program to date is 7,551,603 common shares for a total consideration of €150.7 million.
Earlier this month, Ahold Delhaize announced a plan to strengthen its brands in the US, as well as create the new Retail Business Services LLC entity, which will offer financial and legal services as well as commercial support.
© 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
