Dutch retail group Ahold Delhaize has announced that it repurchased 885,042 Ahold Delhaize common shares in the period from 25 to 29 September 2017.
The shares were repurchased at an average price of €15.58 per share for a total consideration of €13.8 million.
Buyback Programme
These repurchases were made as part of the company's €1 billion share buyback scheme that was announced in December 2016, under the 'Better Together' strategy.
The total number of shares repurchased under the programme to date is 45,098,758, for a total consideration of €828 million.
The company is now over three quarters of the way through this programme, which is expected to be completed by the end of this year.
© 2017 European Supermarket Magazine – your source for the latest retail news. Article by Sarah Harford. Click subscribe to sign up to ESM: The European Supermarket Magazine.
