Ahold Delhaize has announced its latest share buyback update, with the retailer now close to a quarter of the way towards its target of a €1 billion share buyback, which was announced last December.
The retailer has now purchased 12,161,341 common shares for a total consideration of €244.3 million.
The latest share buyback saw Ahold Delhaize repurchase 1,067,799 common shares in the period from March 13, 2017 up to and including March 17, 2017.
The shares were repurchased at an average price of €20.33 per share for a total consideration of € 21.7 million.
Last week, Ahold Delhaize announced it would be divesting five stores in Belgium in order to satisfy conditions set by the Belgian Competition Authority, following last year's merger of the two retail businesses.
© 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.
