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Ahold Delhaize: starts 2 billion euro share buyback program

(CercleFinance.com) - Dutch-based retailer Ahold Delhaize said on Tuesday that it is starting a new two billion euro share buyback program.

The share buybacks, which were announced in November last year, are expected to be completed before the end of 2018, the group said.

The former one billion euro share buyback program was successfully completed on 29 December 2017.

The purpose of these buybacks is to reduce the company's capital by cancelling all or part of the common shares acquired through the program, Ahold Delhaize said.

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