Ahold Delhaize will buy back 2 billion euros' worth of shares | RetailDetail

Ahold Delhaize will buy back 2 billion euros' worth of shares

Ahold Delhaize will buy back 2 billion euros' worth of shares
Shutterstock

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. 

Questions or comments? Please feel free to contact the editors


Gerelateerde items

Another six cash register-free Amazon Go stores planned

23/02/2018

Er komen na de opening van de eerste Amazon Go-winkel vorige maand nog minstens zes van de hoogtechnologische en kassaloze winkels gemakswinkels bij. Onder meer Los Angeles en Seattle krijgen nieuwe Amazon Go-winkels.

Belgian CEO leaves Le Pain Quotidien

23/02/2018

After seventeen years, Vincent Herbert has decided to step down as Le Pain Quotidien CEO. Jerry Gamez, who has plenty of experience at fastfood chain Burger King and Walmart, will succeed him.

Takeaway.com acquires Eastern European competitors

23/02/2018

Fast food supplier Takeaway.com acquired its Bulgarian competitor BGmenu and its Romanian competitor Oliviera in yet another step towards its goal of being the European market leader.

Spar will trial contact-free and cash register-free payments

22/02/2018

Retail Partners Colruyt Group – Colruyt Group’s entrepreneurial division – is creating an app for Spar which allows customers to use their smartphones to scan and pay for their own groceries.

Duvel Moortgat adds Italian brewery

22/02/2018

Duvel Moortgat increased its minority stake in Italian brewery Birrificio del Ducato to 70 %. The Belgian brewery, known for Vedett, has been part of the brewery near Parma since 2016.

Colruyt removes Nestlé products from its shelves

21/02/2018

Colruyt has taken at least 18 Nestlé products from its shelves, because it failed to reach a deal about the pricing. For that reason, the products have been temporarily removed from Colruyt stores.

Back to top