Ahold Delhaize has bought back 10.6 million euros’ worth of shares between 27 and 29 December 2017, the last phase of a billion euro buyback operation. The next operation will be twice as large, worth 2 billion euro.
Bring back capital
In December 2016, Ahold Delhaize began buying back shares, finalizing its program slightly more than a year later. The company bought back a bit more than 55 million shares.
It immediately launched a new program, which should result in buying back two billion euros’ worth of shares before the end of the year. This should bring back capital to the company and end up with the (partial) elimination of shares.