Dutch retailer Ahold Delhaize has announced that it has repurchased 2,205,648 of Ahold Delhaize common shares in the period from 17 September 2018 up to and including 21 September 2018.
The shares were repurchased at an average price of €19.48 per share for a total consideration of €43 million.
These repurchases were made as part of the €2 billion share buyback program announced on November 8, 2017.
The total number of shares repurchased under this program to date is 82,932,528 common shares for a total consideration of €1.63 billion.
Previous Programme
In December of 2017, the Dutch retailer successfully completed its €1 billion share buy-back scheme.
The scheme was first announced in December 2016, as part of the group’s ‘Better Together’ strategy, which was launched following the merger of Ahold and Delhaize.
© 2018 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.
