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Ahold Delhaize: starts share buyback program

( - Ahold Delhaize said on Thursday it had started a previously announced share buyback program worth 1 billion euros, which it expects to complete before the end of 2020.

In a statement, the Dutch-based retailer said it wants to maintain a "balanced approach" between funding growth and returning excess liquidity to shareholders.

The purpose of the program is to reduce the capital by cancelling all or part of the common shares acquired through the program, it added.

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