Ahold Delhaize has announced a further share buyback, repurchasing 1,116,885 of Ahold Delhaize common shares in the period from March 20, 2017 up to and including March 24, 2017.
The shares were purchased at an an average price of €19.98 per share for a total consideration of €22.3 million, the Netherlands-based retailer said in a statement.
Ahold Delhaize has now repurchased a total 13,278,226 common shares under the share buyback scheme to date, for a total consideration of €266.7 million.
The buyback forms part of a €1 billion share buyback programme, which was announced on December 7 of last year.
Last week, the group outlined its plans to make Delhaize 'Belgium's favourite supermarket' in the years to come.
© 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.
